Plan Ledger DOL Form 5500 · updated monthly

St Vincent Charity Medical Center401(k)

ST. VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN · CLEVELAND, OH · plan year 2022

Employer contribution per participant · 2022
$14,227

St Vincent Charity Medical Center's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $71,424,003 across 1,756 participant accounts, with employer contributions averaging $14,227 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.02% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 482nd-largest of 3,295 plans among Ohio employers on file, and the 1,421st of 11,911 in health care & social assistance. In 2022, employees put in $1.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$71,424,003
Participants with balances1,756
Active participants134
Employer contributions$1,906,484
Employee contributions$2,712,705
Employer contribution per active participant$14,227
Average account balance$40,674
Benefits paid to participants$14,422,088
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN.PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$51.9M · 1,494 accts · $343K emplr
2023$57.7M · 1,656 accts · $365K emplr
2022$71.4M · 1,756 accts · $1.9M emplr
Administrative expenses, itemized · 2022
Investment management$6,601
Total administrative-$50,713
The St Vincent Charity Medical Center 401(k) match · 2022
Employer contribution per active participant$14,227
Median for plans this size$3,449
2024$2,240 per active participant
2023$2,702 per active participant
2022$14,227 per active participant

St Vincent Charity Medical Center's 2022 employer contribution ran above the $3,449 median for plans its size, placing it in the top 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.

Administrative cost history3
2024$13,827 · 0.03%
2023$10,450 · 0.02%
2022Not separately reported
All plans at this employer2
ST. VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN401(k)
ST VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN FOR ONA EMPLOYEES401(k)
Similar plansHealth Care & Social Assistance · Ohio
Mayfield Clinic, Inc. OH$73.0M · 0.22%
Ohio Living OH$72.5M · 0.36%
Ohios Hospice, Inc. OH$63.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340714756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.