Plan Ledger DOL Form 5500 · updated monthly

Summit Health Care Regional Medical Center403(b)

SUMMIT HEALTH CARE REGIONAL MEDICAL CENTER PERFORMANCE BASED FLEXIBLE CONTRIBUTION RETIREMENT PLAN · SHOW LOW, AZ · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Summit Health Care Regional Medical Center reported $119,461 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $645 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 3 years on file its reported administrative ratio has held roughly steady near 0.22%. 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 171st-largest of 1,285 plans among Arizona employers on file, and the 1,699th of 11,911 in health care & social assistance. In 2024, employees put in $4.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$56,280,824
Participants with balances749
Active participants1,244
Employer contributions$802,216
Employee contributions$3,388,813
Employer contribution per active participant$645
Average account balance$75,141
Benefits paid to participants$7,112,382
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.3M · 749 accts · $802K emplr
2023$51.3M · 751 accts · $794K emplr
2022$48.1M · 766 accts · $853K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,562
Investment management$53,899
Total administrative$119,461
Employer contributions to the Summit Health Care Regional Medical Center plan · 2024
Employer contribution per active participant$645
Median for plans this size$3,635
2024$645 per active participant
2023$622 per active participant
2022$721 per active participant

Summit Health Care Regional Medical Center's 2024 employer contribution ran below the $3,635 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.

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 · 20243
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$64,266
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$41,252
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$12,647

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$119,461 · 0.22%
2023$113,305 · 0.23%
2022$123,913 · 0.23%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Ironwood Physicians AZ$62.9M · 0.09%
Simonmed Imaging, Inc. AZ$50.1M · 1.36%
Mountain Park Health Center AZ$46.9M · 0.13%
Child-Parent Centers Inc. AZ$46.8M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 860320447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.