Plan Ledger DOL Form 5500 · updated monthly

Bishop Gadsden Episcopal Ret Community401(k)

BISHOP GADSDEN SAVINGS & RETIREMENT PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Bishop Gadsden Episcopal Ret Community reported $53,863 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,458 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 0.19% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 371st-largest of 807 plans among South Carolina employers on file, and the 4,935th of 11,911 in health care & social assistance. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 403 to 530 since 2022.

Plan summary
Net assets, end of year$12,883,689
Participants with balances586
Active participants530
Employer contributions$772,732
Employee contributions$1,361,594
Employer contribution per active participant$1,458
Average account balance$21,986
Benefits paid to participants$2,217,817
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 586 accts · $773K emplr
2023$11.3M · 596 accts · $693K emplr
2022$8.4M · 406 accts · $538K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,827
Investment management$36
Total administrative$53,863
The Bishop Gadsden Episcopal Ret Community 401(k) match · 2024
Employer contribution per active participant$1,458
Median for plans this size$2,416
2024$1,458 per active participant
2023$1,293 per active participant
2022$1,334 per active participant

Bishop Gadsden Episcopal Ret Community's 2024 employer contribution ran below the $2,416 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 · 20241
ASCENSUS LLC · Recordkeeping$53,826

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,863 · 0.45%
2023$20,350 · 0.21%
2022$17,261 · 0.19%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
TRIBE513, PA SC$16.8M · 0.44%
Medbridge Healthcare LLC SC$14.0M · 0.69%
Wilson Senior Care, Inc. SC$11.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570337132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.