Plan Ledger DOL Form 5500 · updated monthly

South Shore Hospital Corporation403(b)

SECTION 403(B) RETIREMENT PLAN FOR SOUTH SHORE HOSPITAL CORPORATION · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

South Shore Hospital Corporation reported $3,322 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $662 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 fell from 0.043% to 0.036%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (2,433rd of 3,702), and the 5,885th of 11,911 in health care & social assistance. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,460,039
Participants with balances192
Active participants367
Employer contributions$242,925
Employee contributions$486,373
Employer contribution per active participant$662
Average account balance$49,271
Benefits paid to participants$1,263,324
Plan auditUnmodified (clean) audit opinion
AuditorPLATFORM CPA'S, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 192 accts · $243K emplr
2023$9.2M · 207 accts · $245K emplr
2022$9.1M · 204 accts · $245K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,148
Investment management$174
Total administrative$3,322
Employer contributions to the South Shore Hospital Corporation plan · 2024
Employer contribution per active participant$662
Median for plans this size$1,313
2024$662 per active participant
2023$671 per active participant
2022$654 per active participant

South Shore Hospital Corporation's 2024 employer contribution ran below the $1,313 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY · Investment management$174
MMLISindirect comp

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$3,322 · 0.04%
2023$2,633 · 0.03%
2022$4,110 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Lawrence Hall IL$9.7M · 0.56%
One Hope United IL$9.4M · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361799520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.