Plan Ledger DOL Form 5500 · updated monthly

Alliance for Community Empowerment, Inc.403(b)

ALLIANCE FOR COMMUNITY EMPOWERMENT, INC. TAX SHELTERED ANNUITY PLAN · BRIDGEPORT, CT · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Alliance for Community Empowerment, Inc. reported $14,101 in plan administrative expenses for 2024: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $937 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 fell from 0.26% to 0.21%. 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 Connecticut (843rd of 1,106), and 6,899th of 11,911 in health care & social assistance. In 2024, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,941,600
Participants with balances306
Active participants314
Employer contributions$294,125
Employee contributions$411,521
Employer contribution per active participant$937
Average account balance$22,685
Benefits paid to participants$778,369
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 306 accts · $294K emplr
2023$6.4M · 312 accts · $282K emplr
2022$5.6M · 279 accts · $254K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,101
Total administrative$14,101
Employer contributions to the Alliance for Community Empowerment, Inc. plan · 2024
Employer contribution per active participant$937
Median for plans this size$1,313
2024$937 per active participant
2023$892 per active participant
2022$832 per active participant

Alliance for Community Empowerment, Inc.'s 2024 employer contribution ran below the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,101
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)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$14,101 · 0.21%
2023$9,225 · 0.15%
2022$15,619 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Kids in Crisis CT$7.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060797841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.