Plan Ledger DOL Form 5500 · updated monthly

Bolivar County Community Action Program, Inc.Money purchase plan

BOLIVAR COUNTY HEADSTART RETIREMENT PROGRAM · CLEVELAND, MS · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Bolivar County Community Action Program, Inc. reported $38,453 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,801 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 0.27% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 165th-largest of 367 plans among Mississippi employers on file, and 2,075th of 3,091 in educational services. In 2024, the employer put in $2.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$10,480,802
Participants with balances236
Active participants209
Employer contributions$585,498
Employee contributions$273,707
Employer contribution per active participant$2,801
Average account balance$44,410
Benefits paid to participants$650,086
Plan auditUnmodified (clean) audit opinion
AuditorWATKINS, WARD AND STAFFORD, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 236 accts · $585K emplr
2023$10.0M · 247 accts · $519K emplr
2022$9.8M · 231 accts · $483K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,453
Total administrative$38,453
Employer contributions to the Bolivar County Community Action Program, Inc. plan · 2024
Employer contribution per active participant$2,801
Median for plans this size$2,416
2024$2,801 per active participant
2023$2,068 per active participant
2022$2,415 per active participant

Bolivar County Community Action Program, Inc.'s 2024 employer contribution ran above 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
1547 FAIRWOOD DRIVE · Claims processing · Recordkeeping$40,974

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

Recordkeeper by year2
20241547 FAIRWOOD DRIVE
2023Securian

This plan has changed recordkeepers within these filings. If you left Bolivar County Community Action Program, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,453 · 0.38%
2023$13,562 · 0.14%
2022$27,424 · 0.27%
Similar plansEducational Services · Mississippi
Minact, Inc. MS$11.9M · 0.30%
Schoolstatus Inc MS$10.5M · 0.04%
French Camp Academy MS$6.1M · 1.35%
Hartfield Academy, Inc. MS$2.3M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640434535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.