Plan Ledger DOL Form 5500 · updated monthly

Beverly Hospital403(b)

BEVERLY HOSPITAL MATCHING SAVINGS PLAN · MONTEBELLO, CA · plan year 2023

Reported admin expense ratio · 2023
0.37%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Beverly Hospital reported $148,399 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,456 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 0.42% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,086th-largest of 9,483 plans among California employers on file, and the 2,202nd of 11,911 in health care & social assistance. In 2023, employees put in $15.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,958,335
Participants with balances989
Active participants219
Employer contributions$318,789
Employee contributions$4,795,218
Employer contribution per active participant$1,456
Average account balance$41,414
Benefits paid to participants$9,047,929
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$41.0M · 989 accts · $319K emplr
2022$39.4M · 1,140 accts · $346K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$80,591
Investment management$49,436
Audit (IQPA)$16,500
Total administrative$148,399
Employer contributions to the Beverly Hospital plan · 2023
Employer contribution per active participant$1,456
Median for plans this size$2,440
2023$1,456 per active participant
2022$409 per active participant

Beverly Hospital's 2023 employer contribution ran below the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$80,591
SAGEVIEW ADVISORY GROUP · Consulting · Insurance services$80,999
HOLTHOUSE CARLIN & VAN TRIGHT LLP · Accounting / audit$13,500
CHARLES SCHWAB & CO., INC. · Securities brokerage$50
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2023$148,399 · 0.37%
2022$174,725 · 0.42%
All plans at this employer2
BEVERLY HOSPITAL EMPLOYEES' RETIREMENT PLANDefined-contribution plan
BEVERLY HOSPITAL MATCHING SAVINGS PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · California
Vista Community Clinic CA$41.9M · 0.19%
American Health Care CA$41.2M · 0.43%
Younger Mfg. Co. CA$41.2M · 0.19%
Petaluma Health Center CA$40.9M · 0.04%
Honor Technology, Inc. CA$40.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951816005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.