Plan Ledger DOL Form 5500 · updated monthly

Overlake Hospital Medical Center403(b)

OVERLAKE HOSPITAL MEDICAL CENTER 403(B)RETIREMENT PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Overlake Hospital Medical Center reported $345,491 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $5,027 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 0.07% to 0.06%. 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 43rd-largest of 1,714 plans among Washington employers on file, and the 273rd of 11,911 in health care & social assistance. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 3,392 to 3,851 since 2022.

Plan summary
Net assets, end of year$653,546,073
Participants with balances5,219
Active participants3,851
Employer contributions$19,360,209
Employee contributions$36,959,086
Employer contribution per active participant$5,027
Average account balance$125,224
Benefits paid to participants$44,735,724
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$653.5M · 5,219 accts · $19.4M emplr
2023$547.7M · 4,996 accts · $17.4M emplr
2022$434.6M · 4,622 accts · $15.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$258,830
Investment management$42,208
Audit (IQPA)$34,833
Total administrative$345,491
Employer contributions to the Overlake Hospital Medical Center plan · 2024
Employer contribution per active participant$5,027
Median for plans this size$4,294
2024$5,027 per active participant
2023$4,786 per active participant
2022$4,566 per active participant

Overlake Hospital Medical Center's 2024 employer contribution ran above 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
FIDELITY INVESTMENTS INSTITUTIONAL · Accounting / audit · Investment advisory (plan)$258,830
LUCID ADVISORS, INC. · Investment advisory (plan)$42,208
CLARK NUBER · Accounting / audit$34,833
EISENHOWER & CARLSON · Legal$9,620

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$345,491 · 0.06%
2023$242,962 · 0.05%
2022$303,359 · 0.07%
All plans at this employer2
OVERLAKE HOSPITAL MEDICAL CENTER 403(B)RETIREMENT PLAN403(b)
OVERLAKE HOSPITAL MEDICAL CENTER CONTRIBUTION PLAN 401(A)Defined-contribution plan
Same employer
Similar plansHealth Care & Social Assistance · Washington
Multicare Health System WA$1.2B · 0.15%
Confluence Health WA$697.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910652651 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.