Plan Ledger DOL Form 5500 · updated monthly

Spectrum Health Services Inc403(b)

SPECTRUM HEALTH SERVICES INC 403(B) PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
2.38%

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

Spectrum Health Services Inc reported $44,921 in plan administrative expenses for 2024: 2.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $964 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 1.23% to 2.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Pennsylvania (3,349th of 3,651), and 2,861st of 3,341 in other services. In 2024, employees put in $2.82 for every $1.00 the employer contributed; active participation has grown from 106 to 127 since 2022.

Plan summary
Net assets, end of year$2,000,179
Participants with balances132
Active participants127
Employer contributions$122,477
Employee contributions$345,595
Employer contribution per active participant$964
Average account balance$15,153
Benefits paid to participants$383,561
Plan auditDisclaimer of opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 132 accts · $122K emplr
2023$1.8M · 117 accts · $74K emplr
2022$1.3M · 95 accts · $58K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,921
Total administrative$44,921
Employer contributions to the Spectrum Health Services Inc plan · 2024
Employer contribution per active participant$964
Median for plans this size$1,313
2024$964 per active participant
2023$622 per active participant
2022$547 per active participant

Spectrum Health Services Inc'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 · 20245
SPECTRUM HEALTH SERVICES INC$19,795
COMMONWEALTH EQUITY SERVICES · Investment advisory (plan)$13,173
EMPOWER ADVISORY GROUP LLC · Investment management$1,184
ATLANTIC PENSION SERVICES, INC. · Contract administrator$750

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$44,921 · 2.38%
2023$20,578 · 1.35%
2022$16,548 · 1.23%
Similar plansOther Services · Pennsylvania
Fleet Repair Solutions PA$2.3M · 0.35%
Odd Fellows Home of PA PA$2.2M · 0.64%
Balfurd, Inc. PA$2.0M · 1.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 231686225 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.