Department of Labor filing

LIMA MEMORIAL HEALTH SYSTEM

LIMA MEMORIAL HEALTH SYSTEM 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Aug 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

60filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$1,993

Reported employer contributions per active participant.

Higher than about 57% of comparable plans

#People in the filing

1,804

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$59 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 68% of comparable plans

↗Investment performance

Not available

Plan assets changed 15.1%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202460out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions57th percentileTypical peer $1,634 · based on 150 comparable plans

Lower reported administrative expense68th percentileTypical peer $90 · based on 161 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, LIMA MEMORIAL HEALTH SYSTEM reported $3,595,958 in employer contributions across the plan and 1,804 active participants. That works out to $1,993 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy79%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 2.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 36.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context60/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $3,595,958
Participant contributions: $7,223,514
Other contributions: $279,418
Employer share of reported contributions: 33.2%
Beginning assets: $109,813,556
Ending assets: $126,432,188
Ending net assets: $126,432,188
Ending liabilities: $0
Total income: $27,224,124
Total expenses: $10,605,492
Administrative expenses: $115,810
Participant loans: $1,101,428

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,046

2023

$2,322

2024

$1,993

Plan-paid administrative expenses per participant

2022

$92

2023

$54

2024

$59

Active participants

2022

1,523

2023

1,507

2024

1,804

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,993	1,804	126.4M	20250814114647NAL0027807730001
2023	$2,322	1,507	109.8M	20240925111136NAL0014603633001
2022	$2,046	1,523	88.8M	20231012181205NAL0021920595001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.9%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 341883284-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1998
Industry: Health care and social assistance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2S2T3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250814114647NAL0027807730001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗