Plan Ledger DOL Form 5500 · updated monthly

Southwest Community Health System403(b)

SOUTHWEST MATCHING DEFINED CONTRIBUTION RETIREMENT PLAN · MIDDLEBURG HEIGHTS, OH · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Southwest Community Health System reported $440,518 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $2,769 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 0.21% to 0.19%. 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 181st-largest of 3,295 plans among Ohio employers on file, and the 551st of 11,911 in health care & social assistance. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$247,108,806
Participants with balances3,288
Active participants2,758
Employer contributions$7,636,628
Employee contributions$12,048,276
Employer contribution per active participant$2,769
Average account balance$75,155
Benefits paid to participants$21,923,391
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$247.1M · 3,288 accts · $7.6M emplr
2023$222.4M · 3,282 accts · $7.2M emplr
2022$188.9M · 3,294 accts · $6.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$440,518
Total administrative$440,518
Employer contributions to the Southwest Community Health System plan · 2024
Employer contribution per active participant$2,769
Median for plans this size$3,635
2024$2,769 per active participant
2023$2,623 per active participant
2022$2,428 per active participant

Southwest Community Health System's 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$440,518
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$440,518 · 0.19%
2023$435,294 · 0.21%
2022$422,271 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Toledo Clinic, Inc. OH$261.0M · 0.17%
Adena Health System OH$240.5M · 0.14%
Seven Hills Anesthesia LLC OH$204.2M · 0.15%
Fairfield Medical Center OH$203.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341455141 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.