Plan Ledger DOL Form 5500 · updated monthly

Navajo Health Foundation dba Sage Memorial Hospital403(b)

SAGE MEMORIAL HOSPITAL TAX SHELTERED ANNUITY · GANADO, AZ · plan year 2023

Reported admin expense ratio · 2023
1.23%

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

Navajo Health Foundation dba Sage Memorial Hospital reported $27,925 in plan administrative expenses for 2023: 1.23% of average plan assets, higher than ~90% of peers. 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 0.71% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Arizona (1,009th of 1,285), and 9,622nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,522,331
Participants with balances205
Active participants270
Employer contributions$0
Employee contributions$464,430
Employer contribution per active participant$0
Average account balance$12,304
Benefits paid to participants$177,215
Plan auditUnmodified (clean) audit opinion
AuditorMOSS ADAMS
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 223 accts
2023$2.5M · 205 accts
2022$2.0M · 211 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,925
Total administrative$27,925
Employer contributions to the Navajo Health Foundation dba Sage Memorial Hospital plan · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Navajo Health Foundation dba Sage Memorial Hospital's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
HUNNEX & SHOEMAKER, INC. · Contract administrator$26,318
NATIONWIDE$15,782
MGKS · Loan processing$790
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants) · Investment advisory (plan)indirect comp

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$10,228 · 0.44%
2023$27,925 · 1.23%
2022$14,934 · 0.71%
All plans at this employer2
SAGE MEMORIAL HOSPITAL PENSION PLANMoney purchase plan
SAGE MEMORIAL HOSPITAL TAX SHELTERED ANNUITY403(b)
Similar plansHealth Care & Social Assistance · Arizona
Gompers AZ$2.8M · 0.08%
Open Hearts AZ$2.8M · 0.09%
Beatitudes Campus AZ$2.3M · 1.46%
Sage Counseling, Inc. AZ$2.2M · 0.62%
Hozhoni Foundation, Inc. AZ$1.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237314364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.