Plan Ledger DOL Form 5500 · updated monthly

The Nemours Foundation403(b)

THE NEMOURS FOUNDATION SECTION 403(B) PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

The Nemours Foundation reported $1,270,439 in plan administrative expenses for 2024: 0.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,705 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 fell from 0.11% to 0.10%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 34th-largest of 3,644 plans among Florida employers on file, and the 142nd of 11,911 in health care & social assistance. In 2024, employees put in $1.22 for every $1.00 the employer contributed; active participation has grown from 8,485 to 9,806 since 2022.

Plan summary
Net assets, end of year$1,313,908,176
Participants with balances16,384
Active participants9,806
Employer contributions$55,941,402
Employee contributions$68,407,429
Employer contribution per active participant$5,705
Average account balance$80,195
Benefits paid to participants$125,315,881
Plan auditDisclaimer of opinion
AuditorKPMG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 16,384 accts · $55.9M emplr
2023$1.1B · 15,415 accts · $51.1M emplr
2022$924.4M · 13,845 accts · $50.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,185,605
Investment management$84,834
Total administrative$1,270,439
Employer contributions to the The Nemours Foundation plan · 2024
Employer contribution per active participant$5,705
Median for plans this size$5,259
2024$5,705 per active participant
2023$5,643 per active participant
2022$5,932 per active participant

The Nemours Foundation's 2024 employer contribution ran above the $5,259 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 · 20248
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$1,138,087
GALLAGHER FIDUCIARY ADVISORS , LLC · Consulting$46,667
VALIC · Other services · Loan processing$25,714
LARSON FINANCIAL GROUP LLC · Securities brokerage$17,887
VANGUARD$17,130
MCADAM LLC · Securities brokerage$8,728
CHARLES SCHWAB & CO., INC. · Securities brokerage$2,286
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023NEWPORT TRUST COMPANY, Transamerica

This plan has changed recordkeepers within these filings. If you left The Nemours Foundation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,270,439 · 0.10%
2023$1,037,969 · 0.10%
2022$1,118,953 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Baycare Health System FL$3.1B · 0.06%
Pmg Services, Inc. FL$1.9B · 0.04%
Orlando Health, Inc. FL$1.9B · 0.09%
Lee Health System, Inc. FL$1.3B · 0.01%
Health First, Inc. FL$903.0M · 0.11%
Baptist Health System, Inc. FL$782.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590634433 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.