Plan Ledger DOL Form 5500 · updated monthly

Providence Medical Center403(b)

PROVIDENCE MEDICAL CENTER TAX DEFERRED ANNUITY PLAN · WAYNE, NE · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Providence Medical Center reported $59,013 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,912 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 0.39% to 0.36%. 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 276th-largest of 565 plans among Nebraska employers on file, and the 4,087th of 11,911 in health care & social assistance. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,330,304
Participants with balances284
Active participants213
Employer contributions$407,234
Employee contributions$893,196
Employer contribution per active participant$1,912
Average account balance$61,022
Benefits paid to participants$1,453,901
Plan auditUnmodified (clean) audit opinion
AuditorJASON CARLSON, WIPFLI, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 284 accts · $407K emplr
2023$15.3M · 236 accts · $369K emplr
2022$12.8M · 237 accts · $378K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,013
Total administrative$59,013
Employer contributions to the Providence Medical Center plan · 2024
Employer contribution per active participant$1,912
Median for plans this size$2,416
2024$1,912 per active participant
2023$1,775 per active participant
2022$1,800 per active participant

Providence Medical Center's 2024 employer contribution ran below 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$59,013
AMERIPRISE FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$59,013 · 0.36%
2023$52,138 · 0.37%
2022$53,419 · 0.39%
Same employer
Similar plansHealth Care & Social Assistance · Nebraska
Nebraska Spine Center, LLP NE$20.3M · 0.39%
Browns Medical Imaging, LLC NE$17.9M · 0.27%
Brodstone Memorial Hospital NE$17.7M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470566524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.