Plan Ledger DOL Form 5500 · updated monthly

American National Red Cross401(k)

AMERICAN RED CROSS SAVINGS PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

American National Red Cross reported $2,569,795 in plan administrative expenses for 2024: 0.16% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,721 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 0.18% to 0.16%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 7th-largest of 618 plans among District of Columbia employers on file, and the 104th of 11,911 in health care & social assistance. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,740,982,635
Participants with balances22,277
Active participants17,892
Employer contributions$48,678,483
Employee contributions$92,443,366
Employer contribution per active participant$2,721
Average account balance$78,152
Benefits paid to participants$126,860,417
Plan auditUnmodified (clean) audit opinion
AuditorKPMG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.7B · 22,277 accts · $48.7M emplr
2023$1.5B · 21,592 accts · $40.4M emplr
2022$1.3B · 21,141 accts · $37.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$911,878
Investment management$1,287,309
Audit (IQPA)$102,400
Trustee / custodial$209,004
Total administrative$2,569,795
The American National Red Cross 401(k) match · 2024
Employer contribution per active participant$2,721
Median for plans this size$5,259
2024$2,721 per active participant
2023$2,255 per active participant
2022$2,147 per active participant

American National Red Cross's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom 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 · 20248
ALIGHT SOLUTIONS LLC · Recordkeeping$911,878
EDELMAN FINANCIAL ENGINES LLC · Investment advisory (participants)$1,287,309
NORTHERN TRUST INC. · Trustee$209,004
KPMG LLP · Accounting / audit$102,400
ZARAGOZA ALVARADO · Legal$30,407
GROOM LAW GROUP · Legal$24,530
PERSHING LLC · Securities brokerageindirect comp
ALIGHT FINANCIAL SOLUTIONS, LLC · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Alight
2023Alight

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Administrative cost history3
2024$2,569,795 · 0.16%
2023$2,499,614 · 0.18%
2022$2,493,029 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · District of Columbia
Marshfield Clinic, Inc. WI$1.8B · 0.02%
Northside Hospital, Inc. GA$1.8B · 0.10%
Wvu Health System WV$1.8B · 0.13%
Boston Medical Center MA$1.7B · 0.07%
Main Line Health, Inc. PA$1.7B · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530196605 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.