Plan Ledger DOL Form 5500 · updated monthly

Miami Jewish Health Systems403(b)

MIAMI JEWISH HEALTH SYSTEMS RETIREMENT PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Miami Jewish Health Systems reported $80,153 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,024 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 rose from 0.14% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 807th-largest of 3,644 plans among Florida employers on file, and the 2,761st of 11,911 in health care & social assistance. In 2024, employees put in $2.60 for every $1.00 the employer contributed; active participation has grown from 873 to 975 since 2022.

Plan summary
Net assets, end of year$30,286,777
Participants with balances902
Active participants975
Employer contributions$998,151
Employee contributions$2,595,465
Employer contribution per active participant$1,024
Average account balance$33,577
Benefits paid to participants$4,734,585
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 902 accts · $998K emplr
2023$27.7M · 1,042 accts · $1.1M emplr
2022$23.4M · 897 accts · $691K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,650
Investment management$503
Total administrative$80,153
Employer contributions to the Miami Jewish Health Systems plan · 2024
Employer contribution per active participant$1,024
Median for plans this size$2,416
2024$1,024 per active participant
2023$1,218 per active participant
2022$792 per active participant

Miami Jewish Health Systems's 2024 employer contribution ran below the $2,416 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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$395,856
LINCOLN NATIONAL CORPORATION · Contract administrator$10,931

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$80,153 · 0.28%
2023$31,507 · 0.12%
2022$34,588 · 0.14%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Dermcare Management, LLC FL$31.2M · 0.28%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 590624414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.