Plan Ledger DOL Form 5500 · updated monthly

Morris Hospital & Healthcare Centers403(b)

MORRIS HOSPITAL & HEALTHCARE CENTERS INTERNAL REVENUE CODE SECTION 403(B) · MORRIS, IL · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Morris Hospital & Healthcare Centers reported $197,154 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,401 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 0.20% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 494th-largest of 3,702 plans among Illinois employers on file, and the 945th of 11,911 in health care & social assistance. In 2024, employees put in $2.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$118,589,568
Participants with balances1,197
Active participants1,590
Employer contributions$2,227,354
Employee contributions$6,605,027
Employer contribution per active participant$1,401
Average account balance$99,072
Benefits paid to participants$7,201,043
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$118.6M · 1,197 accts · $2.2M emplr
2023$102.8M · 1,162 accts · $2.1M emplr
2022$85.5M · 1,157 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,187
Investment management$94,967
Total administrative$197,154
Employer contributions to the Morris Hospital & Healthcare Centers plan · 2024
Employer contribution per active participant$1,401
Median for plans this size$3,635
2024$1,401 per active participant
2023$1,340 per active participant
2022$1,268 per active participant

Morris Hospital & Healthcare Centers's 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$102,187
CERITY PARTNERS · Investment advisory (plan)$94,967

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$197,154 · 0.18%
2023$185,389 · 0.20%
2022$184,629 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Oak Street Health Mso, LLC IL$138.9M · 0.34%
The Alden Group, LTD. IL$128.2M · 0.38%
Vyaire Medical Payroll LLC IL$125.8M · 0.08%
Siu Physicians & Surgeons IL$112.6M · 0.02%
Osf Healthcare System IL$106.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362170155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.