Plan Ledger DOL Form 5500 · updated monthly

University Health System, Inc.403(b)

UNIVERSITY HEALTH SYSTEM, INC. 403(B) PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

University Health System, Inc. reported $861,281 in plan administrative expenses for 2024: 0.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,732 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 0.25% to 0.21%. 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 52nd-largest of 1,496 plans among Tennessee employers on file, and the 359th of 11,911 in health care & social assistance. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 5,080 to 5,832 since 2022.

Plan summary
Net assets, end of year$445,587,899
Participants with balances6,975
Active participants5,832
Employer contributions$15,932,786
Employee contributions$22,048,753
Employer contribution per active participant$2,732
Average account balance$63,884
Benefits paid to participants$23,262,669
Plan auditUnmodified (clean) audit opinion
AuditorPUGH & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$445.6M · 6,975 accts · $15.9M emplr
2023$374.1M · 6,615 accts · $14.5M emplr
2022$305.9M · 5,896 accts · $12.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$649,586
Investment management$211,695
Total administrative$861,281
Employer contributions to the University Health System, Inc. plan · 2024
Employer contribution per active participant$2,732
Median for plans this size$4,294
2024$2,732 per active participant
2023$2,663 per active participant
2022$2,494 per active participant

University Health System, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$647,086
MORGAN STANLEY · Investment advisory (plan)$120,000
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$91,695

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$861,281 · 0.21%
2023$853,314 · 0.25%
2022$828,478 · 0.25%
Same employer
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Brookdale Senior Living Inc. TN$466.1M · 0.17%
Dialysis Clinic, Inc. TN$445.9M · 0.20%
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Source: U.S. Department of Labor, Form 5500 series, EIN 311626179 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.