Plan Ledger DOL Form 5500 · updated monthly

University Hospitals Health System403(b)

UNIVERSITY HOSPITALS HEALTH SYSTEM 403(B) MATCHED RETIREMENT SAVINGS PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

University Hospitals Health System reported $1,918,143 in plan administrative expenses for 2024: 0.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,475 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 0.10% to 0.08%. 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 26th-largest of 3,295 plans among Ohio employers on file, and the 70th of 11,911 in health care & social assistance. In 2024, employees put in $3.58 for every $1.00 the employer contributed; active participation has grown from 26,534 to 29,885 since 2022.

Plan summary
Net assets, end of year$2,463,799,725
Participants with balances37,137
Active participants29,885
Employer contributions$44,093,035
Employee contributions$157,803,768
Employer contribution per active participant$1,475
Average account balance$66,344
Benefits paid to participants$176,516,206
Plan auditUnmodified (clean) audit opinion
AuditorKPMG
Plan history3
Yearassets · accounts · employer contribution
2024$2.5B · 37,137 accts · $44.1M emplr
2023$2.1B · 35,126 accts · $39.7M emplr
2022$1.7B · 33,833 accts · $37.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,732,654
Investment management$91,036
Total administrative$1,918,143
Employer contributions to the University Hospitals Health System plan · 2024
Employer contribution per active participant$1,475
Median for plans this size$5,259
2024$1,475 per active participant
2023$1,471 per active participant
2022$1,415 per active participant

University Hospitals Health System's 2024 employer contribution ran below the $5,259 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,734,508
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$91,036
KPMG LLP · Legal$68,333
SEYFARTH SHAW LLP · Legal$26,120
WEALTH MANAGEMENT SYSTEMS INC · Other servicesindirect 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
2024$1,918,143 · 0.08%
2023$1,784,085 · 0.09%
2022$1,775,409 · 0.10%
All plans at this employer2
UNIVERSITY HOSPITALS HEALTH SYSTEM 403(B) MATCHED RETIREMENT SAVINGS PLAN403(b)
UHHS 401(K) RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Ohiohealth OH$2.7B · 0.03%
US Acute Care Solutions OH$1.9B · 0.03%
Trihealth, Inc. OH$1.4B · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340714775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.