Plan Ledger DOL Form 5500 · updated monthly

Black River Area Develpment Corp.DC plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BLACK RIVER AREA DEVELOPMENT CORP. · POCAHONTAS, AR · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Black River Area Develpment Corp. reported $39,257 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,635 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 0.01% 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 Arkansas (341st of 456), and 8,563rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves; active participation has shrunk from 197 to 176 since 2022.

Plan summary
Net assets, end of year$3,990,646
Participants with balances277
Active participants176
Employer contributions$287,718
Employee contributions$233,011
Employer contribution per active participant$1,635
Average account balance$14,407
Benefits paid to participants$720,823
Plan auditUnmodified (clean) audit opinion
AuditorWELCH COUCH & COMPANY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 277 accts · $288K emplr
2023$3.8M · 203 accts · $269K emplr
2022$3.1M · 225 accts · $220K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,876
Audit (IQPA)$10,381
Total administrative$39,257
Employer contributions to the Black River Area Develpment Corp. plan · 2024
Employer contribution per active participant$1,635
Median for plans this size$1,313
2024$1,635 per active participant
2023$1,585 per active participant
2022$1,117 per active participant

Black River Area Develpment Corp.'s 2024 employer contribution ran above 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$28,876
PRIME CAPITAL INVESTMENT ADVISORS · Investment advisory (plan)$10,381

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$39,257 · 1.00%
2023$28,461 · 0.82%
2022$282 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Arkansas
Healthy Connections, Inc. AR$4.1M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 710387337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.