Plan Ledger DOL Form 5500 · updated monthly

Frederick Health, Inc.403(b)

FREDERICK HEALTH 403(B) PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Frederick Health, Inc. reported $709,736 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,603 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 rose from 0.17% to 0.24%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 54th-largest of 1,671 plans among Maryland employers on file, and the 467th of 11,911 in health care & social assistance. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$320,864,908
Participants with balances4,261
Active participants3,476
Employer contributions$9,047,591
Employee contributions$20,327,974
Employer contribution per active participant$2,603
Average account balance$75,303
Benefits paid to participants$29,147,614
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$320.9M · 4,261 accts · $9.0M emplr
2023$282.9M · 4,216 accts · $9.5M emplr
2022$239.8M · 4,156 accts · $8.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$705,461
Total administrative$709,736
Employer contributions to the Frederick Health, Inc. plan · 2024
Employer contribution per active participant$2,603
Median for plans this size$4,294
2024$2,603 per active participant
2023$2,782 per active participant
2022$2,605 per active participant

Frederick Health, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$641,081
ONE DIGITAL · Consulting$63,000
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$709,736 · 0.24%
2023$525,670 · 0.20%
2022$427,444 · 0.17%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Meritus Medical Center, Inc. MD$397.2M · 0.13%
Oak Crest Village, Inc. MD$294.7M · 0.26%
Tidalhealth, Inc. MD$276.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520591612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.