Summa Health403(b)
SUMMA HEALTH 403(B) RETIREMENT SAVINGS PLAN · AKRON, OH · plan year 2024
Summa Health's 2024 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 $855,170,134 across 8,038 participant accounts, with employer contributions averaging $1,133 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 0.05% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 70th-largest of 3,295 plans among Ohio employers on file, and the 213th of 11,911 in health care & social assistance. In 2024, employees put in $7.75 for every $1.00 the employer contributed.
Summa Health's 2024 employer contribution ran below the $4,294 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 341887844 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.