Plan Ledger DOL Form 5500 · updated monthly

Somerset Hospital403(b)

SOMERSET HOSPITAL 403(B) PLAN · SOMERSET, PA · plan year 2022

Reported admin expense ratio · 2022
0.49%

Somerset Hospital reported $190,213 in plan administrative expenses for 2022: 0.49% of average plan assets, higher than ~75% 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.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.48%. 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 the 1,084th-largest of 3,651 plans among Pennsylvania employers on file, and the 2,541st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$33,782,229
Participants with balances683
Active participants665
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$49,462
Benefits paid to participants$2,958,286
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.3M · 569 accts
2023$33.6M · 613 accts
2022$33.8M · 683 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$190,213
Total administrative$190,213
What these fees cost you

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 history3
2024$158,540 · 0.48%
2023$168,332 · 0.50%
2022$190,213 · 0.49%
Similar plansHealth Care & Social Assistance · Pennsylvania
Partners for Quality, Inc. PA$35.6M · 0.44%
Willow Valley Communities PA$32.7M · 0.42%
Ttg Imaging Solutions, LLC PA$32.1M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250965570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.