Plan Ledger DOL Form 5500 · updated monthly

San Gorgonio Memorial Hospital403(b)

SAN GORGONIO MEMORIAL HOSPITAL TAX SHELTERED ANNUITY PLAN · BANNING, CA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

San Gorgonio Memorial Hospital reported $117,048 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,606 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 rose from 0.08% to 0.33%. 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 2,280th-largest of 9,483 plans among California employers on file, and the 2,383rd of 11,911 in health care & social assistance. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,876,353
Participants with balances528
Active participants545
Employer contributions$1,420,538
Employee contributions$2,596,815
Employer contribution per active participant$2,606
Average account balance$69,842
Benefits paid to participants$3,688,876
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH&BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$36.9M · 528 accts · $1.4M emplr
2023$33.1M · 509 accts · $1.3M emplr
2022$29.2M · 491 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,592
Total administrative$117,048
Employer contributions to the San Gorgonio Memorial Hospital plan · 2024
Employer contribution per active participant$2,606
Median for plans this size$2,416
2024$2,606 per active participant
2023$2,388 per active participant
2022$2,070 per active participant

San Gorgonio Memorial Hospital'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 · 20241

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$117,048 · 0.33%
2023$60,460 · 0.19%
2022$24,095 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · California
Sequoia Living Inc. CA$36.4M · 0.24%
Covia Communities CA$36.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330420041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.