Plan Ledger DOL Form 5500 · updated monthly

Luminis Health Anne Arundel Medical Center, Inc.403(b)

LUMINIS HEALTH RETIREMENT PLAN · ANNAPOLIS, MD · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Luminis Health Anne Arundel Medical Center, Inc. reported $337,670 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 0.19% 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 41st-largest of 1,671 plans among Maryland employers on file, and the 348th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$462,327,233
Participants with balances10,055
Active participants5,918
Employer contributions$0
Employee contributions$40,194,989
Employer contribution per active participant$0
Average account balance$45,980
Benefits paid to participants$41,647,677
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$462.3M · 10,055 accts
2023$413.9M · 9,921 accts · $3K emplr
2022$355.7M · 9,348 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,705
Investment management$258,085
Audit (IQPA)$8,000
Total administrative$337,670
Employer contributions to the Luminis Health Anne Arundel Medical Center, Inc. plan · 2024
Employer contribution per active participant$0
Median for plans this size$4,294

Luminis Health Anne Arundel 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$258,085
SC&H ATTEST SERVICES, PC · Accounting / audit$8,000
HOLDER LAW GROUP, LLP · Legal$1,880

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$337,670 · 0.08%
2023$380,680 · 0.10%
2022$644,452 · 0.19%
All plans at this employer2
LUMINIS HEALTH RETIREMENT PLAN (EMPLOYER CONTRIBUTIONS)Profit-sharing plan
LUMINIS HEALTH RETIREMENT PLAN403(b)
Similar plansHealth Care & Social Assistance · Maryland
Medstar Health, Inc. MD$3.5B · 0.04%
Meritus Medical Center, Inc. MD$397.2M · 0.13%
Frederick Health, Inc. MD$320.9M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521169362 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.