Plan Ledger DOL Form 5500 · updated monthly

A Second Chance, Inc.Profit-sharing plan

A SECOND CHANCE, INC. RETIREMENT PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

A Second Chance, Inc. reported $28,533 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,571 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 0.57% to 1.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (3,163rd of 3,651), and 9,186th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,100,416
Participants with balances147
Active participants143
Employer contributions$367,617
Employee contributions—
Employer contribution per active participant$2,571
Average account balance$21,091
Benefits paid to participants$184,893
Plan auditUnmodified (clean) audit opinion
AuditorMAHER DUESSEL
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 147 accts · $368K emplr
2023$2.6M · 155 accts · $157K emplr
2022$2.4M · 176 accts · $120K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,533
Total administrative$28,533
Employer contributions to the A Second Chance, Inc. plan · 2024
Employer contribution per active participant$2,571
Median for plans this size$1,313
2024$2,571 per active participant
2023$1,062 per active participant
2022$787 per active participant

A Second Chance, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$28,533
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$28,533 · 1.00%
2023$14,199 · 0.57%
2022$12,903 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Wrc Senior Services PA$3.1M · 0.70%
Family Support Services PA$3.1M · 0.50%
Keystonecare PA$3.1M · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251729710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.