Plan Ledger DOL Form 5500 · updated monthly

Phoebe Putney Health System, Inc.403(b)

PHOEBE PUTNEY HEALTH SYSTEM 403(B) DEFERRED SAVINGS PLAN · ALBANY, GA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Phoebe Putney Health System, Inc. reported $805,568 in plan administrative expenses for 2024: 0.19% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,462 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 3 years on file its reported administrative ratio has held roughly steady near 0.191%. 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 86th-largest of 2,160 plans among Georgia employers on file, and the 356th of 11,911 in health care & social assistance. In 2024, employees put in $3.42 for every $1.00 the employer contributed; active participation has grown from 4,103 to 4,666 since 2022.

Plan summary
Net assets, end of year$446,229,615
Participants with balances4,909
Active participants4,666
Employer contributions$6,820,286
Employee contributions$23,332,841
Employer contribution per active participant$1,462
Average account balance$90,900
Benefits paid to participants$37,362,275
Plan auditDisclaimer of opinion
AuditorDRAFFIN & TUCKER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$446.2M · 4,909 accts · $6.8M emplr
2023$398.0M · 5,308 accts · $7.0M emplr
2022$344.9M · 5,185 accts · $6.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$313,881
Investment management$491,687
Total administrative$805,568
Employer contributions to the Phoebe Putney Health System, Inc. plan · 2024
Employer contribution per active participant$1,462
Median for plans this size$4,294
2024$1,462 per active participant
2023$1,563 per active participant
2022$1,556 per active participant

Phoebe Putney Health System, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$313,881
CANNON FINANCIAL STRATEGISTS, INC. · Consulting · Insurance services$471,535
KINGSMARK PRIVATE FINANCIAL AD · Consulting$17,381
CHARLES SCHWAB & CO., INC. · Securities brokerage$640
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$805,568 · 0.19%
2023$693,866 · 0.19%
2022$725,422 · 0.19%
Similar plansHealth Care & Social Assistance · Georgia
The Emory Clinic, Inc. GA$1.0B · 0.02%
Navicent Health, Inc. GA$575.0M · 0.01%
Curo Health Services, LLC GA$528.0M · 0.14%
Tanner Medical Center, Inc GA$434.6M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581928247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.