Plan Ledger DOL Form 5500 · updated monthly

San Juan Regional Medical Center403(b)

SAN JUAN REGIONAL MEDICAL CENTER 403(B) PLAN · FARMINGTON, NM · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

San Juan Regional Medical Center reported $347,233 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,575 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 0.23% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 12th-largest of 290 plans among New Mexico employers on file, and the 819th of 11,911 in health care & social assistance. In 2024, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$142,174,367
Participants with balances1,876
Active participants1,957
Employer contributions$3,082,081
Employee contributions$8,766,323
Employer contribution per active participant$1,575
Average account balance$75,786
Benefits paid to participants$18,474,043
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$142.2M · 1,876 accts · $3.1M emplr
2023$131.1M · 1,865 accts · $2.9M emplr
2022$119.3M · 1,854 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$346,933
Total administrative$347,233
Employer contributions to the San Juan Regional Medical Center plan · 2024
Employer contribution per active participant$1,575
Median for plans this size$3,635
2024$1,575 per active participant
2023$1,525 per active participant
2022$1,504 per active participant

San Juan Regional Medical Center's 2024 employer contribution ran below the $3,635 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$346,707

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$347,233 · 0.25%
2023$285,236 · 0.23%
2022$305,430 · 0.23%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico
St. Vincent Hospital NM$176.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850127924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.