Plan Ledger DOL Form 5500 · updated monthly

Presbyterian Medical Services403(b)

PRESBYTERIAN MEDICAL SERVICES DISCRETIONARY CONTRIBUTION PLAN · SANTA FE, NM · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Presbyterian Medical Services reported $152,317 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,867 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 0.54% to 0.42%. 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 41st-largest of 290 plans among New Mexico employers on file, and the 2,326th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$37,986,829
Participants with balances1,073
Active participants861
Employer contributions$2,468,336
Employee contributions—
Employer contribution per active participant$2,867
Average account balance$35,402
Benefits paid to participants$2,677,093
Plan auditUnmodified (clean) audit opinion
AuditorREDW LLC
Plan history3
Yearassets · accounts · employer contribution
2024$38.0M · 1,073 accts · $2.5M emplr
2023$34.6M · 1,059 accts · $2.6M emplr
2022$30.4M · 1,134 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,682
Investment management$51,885
Trustee / custodial$750
Total administrative$152,317
Employer contributions to the Presbyterian Medical Services plan · 2024
Employer contribution per active participant$2,867
Median for plans this size$2,416
2024$2,867 per active participant
2023$2,846 per active participant
2022$2,495 per active participant

Presbyterian Medical Services's 2024 employer contribution ran above the $2,416 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 · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$99,682
NEWPORT GROUP CONSULTING, LLC · Investment advisory (plan)$51,885

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$152,317 · 0.42%
2023$148,813 · 0.46%
2022$177,877 · 0.54%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico

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Source: U.S. Department of Labor, Form 5500 series, EIN 850206810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.