Plan Ledger DOL Form 5500 · updated monthly

Martin Memorial Health Systems, Inc.403(b)

MARTIN MEMORIAL HEALTH SYSTEMS, INC. 403(B) RETIREMENT SAVINGS PLAN · STUART, FL · plan year 2023

Reported admin expense ratio · 2023
0.09%

Martin Memorial Health Systems, Inc. reported $166,027 in plan administrative expenses for 2023: 0.09% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.07% to 0.09%. 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 176th-largest of 3,644 plans among Florida employers on file, and the 623rd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$206,697,154
Participants with balances5,407
Active participants4,453
Employer contributions—
Employee contributions$21,556,374
Employer contribution per active participant—
Average account balance$38,228
Benefits paid to participants$18,365,197
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$206.7M · 5,407 accts
2022$173.6M · 4,899 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$144,292
Investment management$7,786
Audit (IQPA)$10,431
Total administrative$166,027
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$120,998
CBIZ CPAS P.C. · Accounting / audit$10,431
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,791

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$166,027 · 0.09%
2022$136,785 · 0.07%
Similar plansHealth Care & Social Assistance · Florida
Florida Medical Clinic, LLC FL$228.7M · 0.07%
Uwh of the Carolinas, PLLC FL$228.4M · 0.14%
Chenmed, LLC FL$217.8M · 0.29%
Dental Care Alliance FL$183.8M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592307522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.