Plan Ledger DOL Form 5500 · updated monthly

Valley Medical Facilities, Inc.403(b)

HERITAGE VALLEY HEALTH SYSTEM 403(B) PLAN · MOON TOWNSHIP, PA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Valley Medical Facilities, Inc. reported $464,237 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,251 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 rose from 0.12% to 0.13%. 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 189th-largest of 3,651 plans among Pennsylvania employers on file, and the 411th of 11,911 in health care & social assistance. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$372,293,733
Participants with balances3,727
Active participants2,664
Employer contributions$8,659,561
Employee contributions$10,434,074
Employer contribution per active participant$3,251
Average account balance$99,891
Benefits paid to participants$44,776,529
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$372.3M · 3,727 accts · $8.7M emplr
2023$356.9M · 4,188 accts · $8.9M emplr
2022$327.4M · 4,055 accts · $8.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$344,237
Investment management$120,000
Total administrative$464,237
Employer contributions to the Valley Medical Facilities, Inc. plan · 2024
Employer contribution per active participant$3,251
Median for plans this size$4,294
2024$3,251 per active participant
2023$3,411 per active participant
2022$3,370 per active participant

Valley Medical Facilities, 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$344,237
RETIREMENT RESOURCES INVESTMENT GRO · Investment advisory (plan)$120,000

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$464,237 · 0.13%
2023$446,232 · 0.13%
2022$423,180 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Aria Health PA$428.4M · 0.05%
Kennedy Health System PA$400.3M · 0.05%
Abington Memorial Hospital PA$382.7M · 0.07%
Excela Health PA$364.9M · 0.09%
Doylestown Hospital PA$280.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251801532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.