Plan Ledger DOL Form 5500 · updated monthly

Northwood Health Systems Inc.403(b)

NORTHWOOD HEALTH SYSTEMS INC. 403(B) PLAN · WHEELING, WV · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Northwood Health Systems Inc. reported $21,880 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $459 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 0.36% to 0.14%. 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 98th-largest of 265 plans among West Virginia employers on file, and the 4,347th of 11,911 in health care & social assistance. In 2024, employees put in $2.39 for every $1.00 the employer contributed; active participation has shrunk from 540 to 474 since 2022.

Plan summary
Net assets, end of year$15,727,965
Participants with balances377
Active participants474
Employer contributions$217,528
Employee contributions$519,804
Employer contribution per active participant$459
Average account balance$41,719
Benefits paid to participants$2,286,154
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA & COMPANY,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 377 accts · $218K emplr
2023$15.7M · 397 accts · $895K emplr
2022$14.7M · 377 accts · $733K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,211
Investment management$15,045
Total administrative$21,880
Employer contributions to the Northwood Health Systems Inc. plan · 2024
Employer contribution per active participant$459
Median for plans this size$2,416
2024$459 per active participant
2023$1,823 per active participant
2022$1,357 per active participant

Northwood Health Systems Inc.'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 · 20246
FORT PITT CAPITAL GROUP LLC · Investment advisory (plan)$14,615
GOFF BACKA ALFERA & COMPANY, LLC · Accounting / audit$7,250
LINCOLN NATIONAL CORPORATION · Contract administrator$3,624
EMPOWER ADVISORY GROUP, LLC · Investment management$182
MERRILL LYNCH · Insurance brokerindirect 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$21,880 · 0.14%
2023$56,317 · 0.37%
2022$51,883 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Retina Consultants, PLLC WV$20.1M · 0.04%
Pleasant Valley Hospital WV$19.6M · 0.32%
Kanawha Hospice Care, Inc. WV$19.4M · 0.26%
Commercial Holdings, LLC WV$12.0M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550540374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.