Plan Ledger DOL Form 5500 · updated monthly

Memorial Hermann Health System403(b)

MEMORIAL HERMANN HEALTH SYSTEM EMPLOYEES' RETIREMENT SAVINGS PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Memorial Hermann Health System reported $2,412,165 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $3,734 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 0.09% to 0.08%. 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 41st-largest of 5,688 plans among Texas employers on file, and the 42nd of 11,911 in health care & social assistance. In 2024, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,324,994,729
Participants with balances32,592
Active participants32,735
Employer contributions$122,218,212
Employee contributions$229,004,562
Employer contribution per active participant$3,734
Average account balance$102,019
Benefits paid to participants$235,656,431
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.3B · 32,592 accts · $122.2M emplr
2023$2.8B · 33,226 accts · $111.3M emplr
2022$2.2B · 30,691 accts · $96.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,163,667
Investment management$1,139,525
Audit (IQPA)$17,500
Total administrative$2,412,165
Employer contributions to the Memorial Hermann Health System plan · 2024
Employer contribution per active participant$3,734
Median for plans this size$5,259
2024$3,734 per active participant
2023$3,317 per active participant
2022$3,131 per active participant

Memorial Hermann Health System'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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,176,255
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$1,139,525
TOWERS WATSON INVESTMENT SERVICES, · Investment advisory (plan)$78,650
MCCONNELL & JONES LLP · Accounting / audit$17,500
SEYFARTH SHAW LLP · Legal$5,673

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$2,412,165 · 0.08%
2023$2,198,686 · 0.09%
2022$2,138,099 · 0.09%
All plans at this employer2
MEMORIAL HERMANN HEALTH SYSTEM EMPLOYEES' RETIREMENT SAVINGS PLAN403(b)
MEMORIAL HERMANN HEALTH SYSTEM 401(K) RETIREMENT SAVINGS PLAN AND TRUST401(k)
Same employer
Similar plansHealth Care & Social Assistance · Texas
Texas Health Resources TX$3.3B · 0.07%
The Methodist Hospital TX$3.0B · 0.06%
Texas Children's TX$2.1B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741152597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.