Indian River Memorial Hospital, Inc. D/B/A Indian River Medical Center403(b)
IRMC 403(B) PLAN · VERO BEACH, FL · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Indian River Memorial Hospital, Inc. D/B/A Indian River Medical Center reported $119,057 in plan administrative expenses for 2023: 0.10% of average plan assets, below the peer median. Employer contributions averaged $2,280 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 0.07% to 0.06%. 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 251st-largest of 3,644 plans among Florida employers on file, and the 841st of 11,911 in health care & social assistance. In 2023, employees put in $1.80 for every $1.00 the employer contributed.
Indian River Memorial Hospital, Inc. D/B/A Indian River Medical Center'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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 592496294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.