Plan Ledger DOL Form 5500 · updated monthly

Hoag Memorial Hospital Presbyterian401(k)

HOAG SHELTERED SAVINGS PLAN · NEWPORT BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Hoag Memorial Hospital Presbyterian reported $525,452 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $4,360 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 3 years on file its reported administrative ratio has held roughly steady near 0.045%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 114th-largest of 9,483 plans among California employers on file, and the 151st of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 7,963 to 9,204 since 2022.

Plan summary
Net assets, end of year$1,253,760,432
Participants with balances11,498
Active participants9,204
Employer contributions$40,132,887
Employee contributions$72,947,506
Employer contribution per active participant$4,360
Average account balance$109,042
Benefits paid to participants$96,919,992
Plan auditUnmodified (clean) audit opinion
AuditorKPMG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 11,498 accts · $40.1M emplr
2023$1.1B · 10,853 accts · $36.4M emplr
2022$853.2M · 10,283 accts · $31.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$420,452
Total administrative$525,452
The Hoag Memorial Hospital Presbyterian 401(k) match · 2024
Employer contribution per active participant$4,360
Median for plans this size$5,259
2024$4,360 per active participant
2023$4,233 per active participant
2022$3,917 per active participant

Hoag Memorial Hospital Presbyterian's 2024 employer contribution ran below the $5,259 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$420,452
SAGEVIEW · Consulting$105,000

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$525,452 · 0.05%
2023$658,668 · 0.07%
2022$434,350 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · California
Memorial Health Services CA$1.4B · 0.08%
Sharp Healthcare CA$1.4B · 0.09%
John Muir Health CA$1.4B · 0.07%
Scripps Health CA$1.3B · 0.11%
Radiology Partners Inc CA$1.0B · 0.07%
El Camino Hospital CA$976.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951643327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.