Plan Ledger DOL Form 5500 · updated monthly

Virginia Mason Franciscan Health403(b)

CHI FRANCISCAN HEALTH RETIREMENT SAVINGS PLAN · BURIEN, WA · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Virginia Mason Franciscan Health reported $80,835 in plan administrative expenses for 2023: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,124 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 1 year on file its reported administrative ratio fell from 0.08% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 156th-largest of 1,714 plans among Washington employers on file, and the 987th of 11,911 in health care & social assistance. In 2023, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$114,520,038
Participants with balances1,029
Active participants722
Employer contributions$2,255,176
Employee contributions$2,946,842
Employer contribution per active participant$3,124
Average account balance$111,293
Benefits paid to participants$7,980,114
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.5M emplr
2023$114.5M · 1,029 accts · $2.3M emplr
2022$101.2M · 1,032 accts · $2.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,372
Investment management$68,782
Total administrative$80,835
Employer contributions to the Virginia Mason Franciscan Health plan · 2023
Employer contribution per active participant$3,124
Median for plans this size$3,659
2023$3,124 per active participant
2022$3,028 per active participant

Virginia Mason Franciscan Health's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STRATEGIC ADVISORS INC · Investment advisory (plan)$68,782
FIDELITY INVEST INSTIT OPS · Loan processing$10,122

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

Administrative cost history3
2024Not separately reported
2023$80,835 · 0.07%
2022$92,934 · 0.08%
Similar plansHealth Care & Social Assistance · Washington
Northwest Kidney Centers WA$126.1M · 0.07%
Therapeutic Associates, Inc. WA$125.2M · 0.05%
Cellnetix Labs, LLC WA$120.0M · 0.14%
Casey Family Programs WA$116.3M · 0.00%
Family Care Network, PLLC WA$108.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910712166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.