Plan Ledger DOL Form 5500 · updated monthly

Ave Maria Home401(k)

AVE MARIA HOME RETIREMENT PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Ave Maria Home reported $19,722 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $302 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 0.82% to 0.97%. 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 Tennessee (1,302nd of 1,496), and 9,919th of 11,911 in health care & social assistance. In 2024, employees put in $3.23 for every $1.00 the employer contributed; active participation has grown from 172 to 210 since 2022.

Plan summary
Net assets, end of year$2,150,141
Participants with balances171
Active participants210
Employer contributions$63,379
Employee contributions$204,690
Employer contribution per active participant$302
Average account balance$12,574
Benefits paid to participants$184,443
Plan auditDisclaimer of opinion
AuditorCANNON WRIGHT BLOUNT, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 171 accts · $63K emplr
2023$1.9M · 167 accts · $72K emplr
2022$1.7M · 133 accts · $67K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,705
Trustee / custodial$17
Total administrative$19,722
The Ave Maria Home 401(k) match · 2024
Employer contribution per active participant$302
Median for plans this size$1,313
2024$302 per active participant
2023$424 per active participant
2022$388 per active participant

Ave Maria Home's 2024 employer contribution ran below the $1,313 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 · 20241
THE RETIREMENT PLAN COMPANY, LLC$19,648

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$19,722 · 0.97%
2023$16,674 · 0.92%
2022$15,913 · 0.82%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Alana Healthcare, LLC TN$2.5M · 1.11%
Vsl Employee Co. LLC TN$2.3M · 1.21%
Meritan, Inc. TN$2.3M · 0.16%
Progress, Inc. TN$2.1M · 0.04%
Dx Mso PLLC TN$2.0M · 2.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620561701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.