Plan Ledger DOL Form 5500 · updated monthly

Central Valley Medical Center403(b)

CENTRAL VALLEY MEDICAL CENTER 403(B) RETIREMENT PLAN · NEPHI, UT · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Central Valley Medical Center reported $100,389 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,175 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 0.74% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 300th-largest of 848 plans among Utah employers on file, and the 3,667th of 11,911 in health care & social assistance. In 2024, employees put in $1.09 for every $1.00 the employer contributed; active participation has grown from 354 to 400 since 2022.

Plan summary
Net assets, end of year$20,267,361
Participants with balances416
Active participants400
Employer contributions$869,972
Employee contributions$946,344
Employer contribution per active participant$2,175
Average account balance$48,720
Benefits paid to participants$1,154,812
Plan auditUnmodified (clean) audit opinion
AuditorJONES SIMKINS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 416 accts · $870K emplr
2023$17.3M · 393 accts · $107K emplr
2022$14.7M · 400 accts · $841K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,389
Total administrative$100,389
Employer contributions to the Central Valley Medical Center plan · 2024
Employer contribution per active participant$2,175
Median for plans this size$2,416
2024$2,175 per active participant
2023$276 per active participant
2022$2,376 per active participant

Central Valley Medical Center's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$79,750
SOLTIS INVESTMENT ADV · Investment advisory (participants) · Investment advisory (plan)$20,639

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

Administrative cost history3
2024$100,389 · 0.53%
2023$111,806 · 0.70%
2022$116,989 · 0.74%
Similar plansHealth Care & Social Assistance · Utah
Independence Rehab, LLC UT$22.7M · 1.32%
Nomi Health Inc. UT$22.4M · 0.60%
Premier Family Medical, LLC UT$18.2M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870419324 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.