Plan Ledger DOL Form 5500 · updated monthly

Southeast Iowa Regional Medical Center, Inc.403(b)

SOUTHEAST IOWA REGIONAL MEDICAL CENTER 403(B) · WEST BURLINGTON, IA · plan year 2023

Reported admin expense ratio · 2023
0.17%

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

Southeast Iowa Regional Medical Center, Inc. reported $144,943 in plan administrative expenses for 2023: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,803 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 0.14% to 0.21%. 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 107th-largest of 878 plans among Iowa employers on file, and the 1,228th of 11,911 in health care & social assistance. In 2023, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$85,821,374
Participants with balances640
Active participants221
Employer contributions$619,555
Employee contributions$990,048
Employer contribution per active participant$2,803
Average account balance$134,096
Benefits paid to participants$11,386,774
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$85.7M · 578 accts · $659K emplr
2023$85.8M · 640 accts · $620K emplr
2022$83.5M · 715 accts · $629K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$74,602
Investment management$5,546
Audit (IQPA)$7,350
Total administrative$144,943
Employer contributions to the Southeast Iowa Regional Medical Center, Inc. plan · 2023
Employer contribution per active participant$2,803
Median for plans this size$3,659
2024$2,980 per active participant
2023$2,803 per active participant
2022$2,794 per active participant

Southeast Iowa Regional 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.

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 · 20234
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$74,602
MERCER INVESTMENTS LLC · Consulting$57,445
CLIFTONLARSONALLEN · Accounting / audit$7,350
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,546

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$180,677 · 0.21%
2023$144,943 · 0.17%
2022$130,226 · 0.14%
Similar plansHealth Care & Social Assistance · Iowa
Pella Regional Health Center IA$101.5M · 0.15%
Wolfe Clinic, P.C. IA$94.0M · 0.09%
Mercy Care Management, Inc. IA$78.4M · 0.11%
Ora Orthopedics, P.C. IA$76.8M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 420680407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.