Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc.401(k)
MERCY MEDICAL CENTER, INC. RETIREMENT SAVINGS PLAN · CANTON, OH · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc. reported $125,309 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,581 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 rose from 0.02% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 173rd-largest of 3,295 plans among Ohio employers on file, and the 544th of 11,911 in health care & social assistance. In 2023, employees put in $1.32 for every $1.00 the employer contributed.
Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc.'s 2023 employer contribution ran below the $3,659 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 341893439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.