Plan Ledger DOL Form 5500 · updated monthly

Nicklaus Childrens Health System403(b)

NICKLAUS CHILDREN'S HEALTH SYSTEM RETIREMENT PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Nicklaus Childrens Health System reported $673,547 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $4,187 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 0.13% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 76th-largest of 3,644 plans among Florida employers on file, and the 289th of 11,911 in health care & social assistance. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$597,335,248
Participants with balances6,235
Active participants4,720
Employer contributions$19,760,705
Employee contributions$29,450,004
Employer contribution per active participant$4,187
Average account balance$95,804
Benefits paid to participants$29,909,013
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$597.3M · 6,235 accts · $19.8M emplr
2023$517.9M · 6,441 accts · $17.0M emplr
2022$435.4M · 5,937 accts · $15.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$419,786
Investment management$201,043
Audit (IQPA)$32,303
Total administrative$673,547
Employer contributions to the Nicklaus Childrens Health System plan · 2024
Employer contribution per active participant$4,187
Median for plans this size$4,294
2024$4,187 per active participant
2023$3,617 per active participant
2022$3,407 per active participant

Nicklaus Childrens Health System's 2024 employer contribution ran below the $4,294 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 · 20244
CAPFINANCIAL PARTNERS LLC DBA CAPTR · Investment advisory (plan)$201,043
RSM US LLP · Accounting / audit$32,302
MIAMI CHILDREN'S HEALTH$1,500

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$673,547 · 0.12%
2023$637,331 · 0.13%
2022$592,556 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Baptist Health System, Inc. FL$782.8M · 0.11%
Vitas Healthcare Corporation FL$492.6M · 0.17%
Lincare Inc. FL$469.8M · 0.12%
Solaris Health Holdings, LLC FL$464.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453481327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.