Plan Ledger DOL Form 5500 · updated monthly

Summa Health403(b)

SUMMA HEALTH 403(B) RETIREMENT SAVINGS PLAN · AKRON, OH · plan year 2024

Employer contribution per participant · 2024
$1,133

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.

Plan summary
Net assets, end of year$855,170,134
Participants with balances8,038
Active participants4,479
Employer contributions$5,076,873
Employee contributions$39,326,538
Employer contribution per active participant$1,133
Average account balance$106,391
Benefits paid to participants$79,648,606
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$855.2M · 8,038 accts · $5.1M emplr
2023$768.5M · 7,826 accts · $4.4M emplr
2022$656.2M · 7,825 accts · $10.8M emplr
Employer contributions to the Summa Health plan · 2024
Employer contribution per active participant$1,133
Median for plans this size$4,294
2024$1,133 per active participant
2023$933 per active participant
2022$2,191 per active participant

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.

Service providers · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$137,011
HIGHLAND CONSULTING ASSOCIATES, INC · Investment advisory (plan)$100,000
BDO USA, LLP · Accounting / audit$55,544
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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
2024Not separately reported
2023$545,451 · 0.08%
2022$389,891 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
US Acute Care Solutions OH$1.9B · 0.03%
Trihealth, Inc. OH$1.4B · 0.13%
Aultman Health Foundation OH$826.0M · 0.10%
Uc Health, LLC OH$758.4M · 0.06%
Oakley Inc OH$655.6M · 0.12%

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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.