Southern Medical Health Systems 401(k) match, vesting and fees
What Southern Medical Health Systems' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Anderson & Wells P.C. (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Southern Medical Health Systems: employer contribution per participant | $791 | |
| Peer median | $1,358 |
| Southern Medical Health Systems: average balance | $47,280 | |
| Peer median | $44,442 |
| Southern Medical Health Systems: admin expenses ÷ assets | 0.25% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $79.7M at the end of plan year 2021 to $72.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,614 | $72.1M | $1.2M | $791 | 0.25% | Not published | Form 5500 ↗ |
| 2023 | 1,719 | $67.6M | $1.1M | $689 | 0.28% | Not published | Form 5500 ↗ |
| 2022 | 1,684 | $63.5M | $1M | $698 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 1,167 | $79.7M | $995K | $1,304 | 0.09% | Not published | Form 5500 ↗ |
Common questions
Does Southern Medical Health Systems match 401(k) contributions?
The match terms for the Southern Medical Health Systems, Inc. Employees' Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $1.2M in employer contributions, about $791 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Southern Medical Health Systems 401(k) match vested?
The vesting schedule for the Southern Medical Health Systems, Inc. Employees' Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Southern Medical Health Systems 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Southern Medical Health Systems, Inc..
I left Southern Medical Health Systems. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Southern Medical Health Systems, Inc., (251) 460-5280) or the recordkeeper, Schwab Retirement Plan Services,inc. The Southern Medical Health Systems old 401(k) page lists the contacts from every plan filing. Find an old Southern Medical Health Systems 401(k)
Data from the public Form 5500 annual reports Southern Medical Health Systems filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Southern Medical Health Systems. Not financial advice. Report a correction · Methodology