Plan Ledger DOL Form 5500 · updated monthly

Speare Memorial Hospital Association403(b)

SPEARE MEMORIAL HOSPITAL 403(B) PLAN · PLYMOUTH, NH · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Speare Memorial Hospital Association reported $88,654 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $3,625 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 rose from 0.15% to 0.16%. 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 73rd-largest of 411 plans among New Hampshire employers on file, and the 1,681st of 11,911 in health care & social assistance. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has grown from 428 to 524 since 2022.

Plan summary
Net assets, end of year$57,602,842
Participants with balances727
Active participants524
Employer contributions$1,899,593
Employee contributions$1,845,524
Employer contribution per active participant$3,625
Average account balance$79,234
Benefits paid to participants$4,763,911
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.6M · 727 accts · $1.9M emplr
2023$51.1M · 699 accts · $1.8M emplr
2022$44.5M · 661 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,654
Total administrative$88,654
Employer contributions to the Speare Memorial Hospital Association plan · 2024
Employer contribution per active participant$3,625
Median for plans this size$3,635
2024$3,625 per active participant
2023$3,673 per active participant
2022$3,945 per active participant

Speare Memorial Hospital Association'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 · 20241
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$88,654

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$88,654 · 0.16%
2023$67,158 · 0.14%
2022$73,503 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · New Hampshire
North Country Healthcare NH$85.3M · 0.17%
Novocure Inc. NH$59.1M · 0.12%
Derry Medical Center PA NH$55.8M · 0.09%
Huggins Hospital NH$47.8M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020226774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.