Plan Ledger DOL Form 5500 · updated monthly

Siskin Memorial Foundation403(b)

SISKIN MEMORIAL FOUNDATION 403(B) PLAN · CHATTANOOGA, TN · plan year 2023

Reported admin expense ratio · 2023
0.71%

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

Siskin Memorial Foundation reported $27,508 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. Employer contributions averaged $623 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 0.79% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (1,119th of 1,496), and 8,310th of 11,911 in health care & social assistance. In 2023, employees put in $4.92 for every $1.00 the employer contributed; active participation has shrunk from 220 to 166 since 2022.

Plan summary
Net assets, end of year$4,339,553
Participants with balances428
Active participants166
Employer contributions$103,434
Employee contributions$509,362
Employer contribution per active participant$623
Average account balance$10,139
Benefits paid to participants$311,535
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 246 accts · $103K emplr
2023$4.3M · 428 accts · $103K emplr
2022$3.4M · 381 accts · $105K emplr
Employer contributions to the Siskin Memorial Foundation plan · 2023
Employer contribution per active participant$623
Median for plans this size$1,308
2024$664 per active participant
2023$623 per active participant
2022$478 per active participant

Siskin Memorial Foundation's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$3,095
BENJAMIN F EDWARDS COMPANY · Investment advisory (participants) · Investment advisory (plan)$14,837

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,864 · 0.85%
2023$27,508 · 0.71%
2022$23,937 · 0.79%
Similar plansHealth Care & Social Assistance · Tennessee
Advancing Practitioners TN$4.9M · 0.48%
Life Bridges, Inc. TN$4.6M · 2.00%
Chattanooga Cares, Inc. TN$4.3M · 0.91%
Harber-Laman, LLC TN$4.3M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591781637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.