Plan Ledger DOL Form 5500 · updated monthly

Hampton Regional Medical Center403(b)

HAMPTON REGIONAL MEDICAL CENTER TAX DEFERRED ANNUITY PLAN · VARNVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Hampton Regional Medical Center reported $40,080 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $504 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 0.58% to 0.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (429th of 807), and the 5,791st of 11,911 in health care & social assistance. In 2024, employees put in $3.94 for every $1.00 the employer contributed; active participation has shrunk from 325 to 288 since 2022.

Plan summary
Net assets, end of year$9,741,626
Participants with balances159
Active participants288
Employer contributions$145,288
Employee contributions$572,096
Employer contribution per active participant$504
Average account balance$61,268
Benefits paid to participants$1,506,552
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 159 accts · $145K emplr
2023$9.3M · 162 accts · $137K emplr
2022$7.4M · 153 accts · $117K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,080
Audit (IQPA)$9,000
Total administrative$40,080
Employer contributions to the Hampton Regional Medical Center plan · 2024
Employer contribution per active participant$504
Median for plans this size$1,313
2024$504 per active participant
2023$460 per active participant
2022$361 per active participant

Hampton Regional Medical Center's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
CAP FINANCIAL PARTNERS · Investment advisory (plan)$9,000
QRPS, INC. · Contract administrator$3,250

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$40,080 · 0.42%
2023$30,204 · 0.36%
2022$46,967 · 0.58%
Similar plansHealth Care & Social Assistance · South Carolina
Palmetto Goodwill SC$10.2M · 0.68%
Fdh Holdings, LLC SC$9.8M · 0.77%
Wesley Commons SC$9.8M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571017988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.