Plan Ledger DOL Form 5500 · updated monthly

Butler Memorial Hospital403(b)

BUTLER MEMORIAL HOSPITAL 403(B) PLAN · BUTLER, PA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Butler Memorial Hospital reported $78,900 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $476 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 2 years on file its reported administrative ratio fell from 0.34% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 459th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,076th of 11,911 in health care & social assistance. In 2024, employees put in $6.00 for every $1.00 the employer contributed; active participation has grown from 1,551 to 1,942 since 2022.

Plan summary
Net assets, end of year$103,113,016
Participants with balances1,589
Active participants1,942
Employer contributions$923,895
Employee contributions$5,540,465
Employer contribution per active participant$476
Average account balance$64,892
Benefits paid to participants$11,212,554
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$103.1M · 1,589 accts · $924K emplr
2023$95.4M · 1,504 accts · $915K emplr
2022$85.4M · 1,009 accts · $924K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,900
Total administrative$78,900
Employer contributions to the Butler Memorial Hospital plan · 2024
Employer contribution per active participant$476
Median for plans this size$3,635
2024$476 per active participant
2023$475 per active participant
2022$596 per active participant

Butler Memorial Hospital's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
DEFINITI LLC · Recordkeeping · Loan processing$21,169
NATIONWIDE · Recordkeeping · Custodial$5,717
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (participants) · Other services$38,260
LINCOLN NATIONAL CORPORATION · Contract administrator$125

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

Recordkeeper by year2
2024Definiti, Nationwide
2023Definiti, Nationwide

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

Administrative cost history3
2024$78,900 · 0.08%
2023$321,251 · 0.36%
2022$316,395 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Family Practice Center, PC PA$107.8M · 0.24%
Post Acute Medical, LLC PA$90.2M · 0.09%
Pressley Ridge PA$83.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250965274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.