Plan Ledger DOL Form 5500 · updated monthly

Lakeland Regional Medical Center, Inc.403(b)

LAKELAND REGIONAL MEDICAL CENTER 403(B) PLAN · LAKELAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Lakeland Regional Medical Center, Inc. reported $337,788 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.13% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 98th-largest of 3,644 plans among Florida employers on file, and the 374th of 11,911 in health care & social assistance. active participation has grown from 6,686 to 7,601 since 2022.

Plan summary
Net assets, end of year$425,410,828
Participants with balances7,216
Active participants7,601
Employer contributions$0
Employee contributions$34,920,913
Employer contribution per active participant$0
Average account balance$58,954
Benefits paid to participants$34,995,261
Plan auditUnmodified (clean) audit opinion
AuditorPYA PC
Plan history3
Yearassets · accounts · employer contribution
2024$425.4M · 7,216 accts
2023$374.1M · 7,472 accts · $9.3M emplr
2022$300.4M · 7,891 accts · $9.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$312,788
Total administrative$337,788
Employer contributions to the Lakeland Regional Medical Center, Inc. plan · 2024
Employer contribution per active participant$0
Median for plans this size$4,294
2023$1,274 per active participant
2022$1,351 per active participant

Lakeland Regional Medical Center, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$312,788
BKS RETIREMENT SERVICES · Investment advisory (plan)$25,000

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$337,788 · 0.08%
2023$378,401 · 0.11%
2022$391,178 · 0.13%
All plans at this employer2
LAKELAND REGIONAL MEDICAL CENTER RETIREMENT PLAN TRUSTProfit-sharing plan
LAKELAND REGIONAL MEDICAL CENTER 403(B) PLAN403(b)
Same employer
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Lincare Inc. FL$469.8M · 0.12%
Solaris Health Holdings, LLC FL$464.7M · 0.20%
Vitalmd Group Holding. LLC FL$371.9M · 0.09%
Watson Clinic LLP FL$327.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592650456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.