Plan Ledger DOL Form 5500 · updated monthly

Southern Ohio Medical Center403(b)

SOUTHERN OHIO MEDICAL CENTER RETIREMENT SAVINGS PROGRAM · PORTSMOUTH, OH · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Southern Ohio Medical Center reported $146,214 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $1,217 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 0.22% to 0.09%. 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 245th-largest of 3,295 plans among Ohio employers on file, and the 717th of 11,911 in health care & social assistance. In 2024, employees put in $2.44 for every $1.00 the employer contributed; active participation has grown from 3,009 to 3,316 since 2022.

Plan summary
Net assets, end of year$172,938,608
Participants with balances3,910
Active participants3,316
Employer contributions$4,035,469
Employee contributions$9,827,390
Employer contribution per active participant$1,217
Average account balance$44,230
Benefits paid to participants$14,121,426
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$172.9M · 3,910 accts · $4.0M emplr
2023$154.9M · 4,217 accts · $3.9M emplr
2022$135.5M · 4,167 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,092
Investment management$4,672
Total administrative$146,214
Employer contributions to the Southern Ohio Medical Center plan · 2024
Employer contribution per active participant$1,217
Median for plans this size$3,635
2024$1,217 per active participant
2023$1,260 per active participant
2022$1,122 per active participant

Southern Ohio 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 · 20241

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$146,214 · 0.09%
2023$305,548 · 0.21%
2022$318,506 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Fairfield Medical Center OH$203.4M · 0.32%
Orthoalliance Mso, LLC OH$183.8M · 0.14%
Holzer Health System OH$183.3M · 0.23%
Genesis Healthcare System OH$158.3M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 310678022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.