What are the fees in the Salem County Hospital 401(k) plan?

For plan year 2022, Salem County Hospital reported $92,402 in plan administrative expenses, or 0.67% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Salem County Hospital 401(k)?

The average participant account balance was $17,868 for plan year 2022, based on 747 accounts.

Salem County Hospital401(k)

Name: Salem County Hospital 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SALEM MEDICAL CENTER 401(K) PLAN · SALEM, NJ · plan year 2022

Reported admin expense ratio · 2022

0.67%

Salem County Hospital reported $92,402 in plan administrative expenses for 2022: 0.67% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,329th of 2,419), and the 4,839th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$13,347,237
Participants with balances747
Active participants543
Employer contributions—
Employee contributions$2,054,650
Employer contribution per active participant—
Average account balance$17,868
Benefits paid to participants$923,294
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY US LLP

Plan history2

Yearassets · accounts · employer contribution

2023$0

2022$13.3M · 747 accts

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$59,733

Investment management$32,669

Total administrative$92,402

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2

2023Not separately reported

2022$92,402 · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824971362 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.