SHANDS HEALTHCARE MATCHED SAVINGS ACCOUNT 403(B) · GAINESVILLE, FL · plan year 2024
Reported admin expense ratio · 2024
0.12%
Shands Teaching Hospital and Clinics, Inc. reported $724,889 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. 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 0.13% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 75th-largest of 3,644 plans among Florida employers on file, and the 282nd of 11,911 in health care & social assistance. active participation has grown from 11,144 to 12,706 since 2022.
Plan summary
Net assets, end of year$624,686,702
Participants with balances15,600
Active participants12,706
Employer contributions—
Employee contributions$57,676,061
Employer contribution per active participant—
Average account balance$40,044
Benefits paid to participants$53,453,019
Plan auditUnmodified (clean) audit opinion
AuditorJAMES MOORE & COMPANY, PL
Plan history3
Yearassets · accounts · employer contribution
2024$624.7M · 15,600 accts
2023$559.6M · 14,771 accts
2022$479.7M · 13,884 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$686,889
Investment management$25,000
Audit (IQPA)$13,000
Total administrative$724,889
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
LINCOLN NATIONAL CORPORATION · Contract administrator$686,889
Source: U.S. Department of Labor, Form 5500 series, EIN 591943502 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.