Plan Ledger DOL Form 5500 · updated monthly

Southeastern Regional Medical Center403(b)

SOUTHEASTERN REGIONAL MEDICAL CENTER TAX-DEFERRED SAVINGS PLAN · LUMBERTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Southeastern Regional Medical Center reported $246,119 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $793 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 0.25% to 0.20%. 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 166th-largest of 2,005 plans among North Carolina employers on file, and the 888th of 11,911 in health care & social assistance. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$127,048,345
Participants with balances2,658
Active participants2,139
Employer contributions$1,695,922
Employee contributions$4,390,592
Employer contribution per active participant$793
Average account balance$47,798
Benefits paid to participants$17,261,798
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$127.0M · 2,658 accts · $1.7M emplr
2023$122.6M · 2,732 accts · $1.7M emplr
2022$115.3M · 3,798 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$246,119
Total administrative$246,119
Employer contributions to the Southeastern Regional Medical Center plan · 2024
Employer contribution per active participant$793
Median for plans this size$3,635
2024$793 per active participant
2023$747 per active participant
2022$861 per active participant

Southeastern 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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$239,398
VARIABLE ANNUITY LIFE INSURANCE CO · Custodial (securities) · Investment advisory (participants)$6,721

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$246,119 · 0.20%
2023$260,858 · 0.22%
2022$327,253 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Wilmington Health, PLLC NC$166.3M · 0.32%
Allergy Partners, PLLC NC$136.5M · 0.14%
Eastern Radiologists, Inc. NC$132.5M · 0.10%
Physicians East PA NC$114.0M · 0.04%
Blue Ridge Healthcare System NC$113.3M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560530233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.