Plan Ledger DOL Form 5500 · updated monthly

Grady Memorial Hospital Corporation401(k)

GRADY MEMORIAL HOSPITAL CORPORATION 401(K) PLAN · ATLANTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.12%

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

Grady Memorial Hospital Corporation reported $352,276 in plan administrative expenses for 2023: 0.12% of average plan assets, above the peer median. Employer contributions averaged $1,865 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 0.16% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 109th-largest of 2,160 plans among Georgia employers on file, and the 446th of 11,911 in health care & social assistance. In 2023, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$334,874,303
Participants with balances10,325
Active participants7,052
Employer contributions$13,149,313
Employee contributions$30,985,176
Employer contribution per active participant$1,865
Average account balance$32,433
Benefits paid to participants$30,671,011
Plan auditUnmodified (clean) audit opinion
AuditorCPA CLUB INC.
Plan history2
Yearassets · accounts · employer contribution
2023$334.9M · 10,325 accts · $13.1M emplr
2022$277.7M · 8,814 accts · $11.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$351,367
Investment management$909
Total administrative$352,276
The Grady Memorial Hospital Corporation 401(k) match · 2023
Employer contribution per active participant$1,865
Median for plans this size$4,362
2023$1,865 per active participant
2022$1,924 per active participant

Grady Memorial Hospital Corporation's 2023 employer contribution ran below the $4,362 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$351,367
CHARLES SCHWAB & CO., INC. · Securities brokerage$909
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.

Administrative cost history2
2023$352,276 · 0.12%
2022$488,719 · 0.16%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Tanner Medical Center, Inc GA$434.6M · 0.09%
Au Health System, Inc. GA$325.9M · 0.18%
The Harbin Clinic, L.L.C. GA$318.2M · 0.02%
Pruitthealth, Inc. GA$267.0M · 0.53%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262037695 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.