Plan Ledger DOL Form 5500 · updated monthly

Boys & Girls Clubs of the Midlands401(k)

BOYS & GIRLS CLUBS OF THE MIDLANDS 401(K) PROFIT SHARING PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Boys & Girls Clubs of the Midlands reported $30,668 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $1,875 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 0.62% to 0.70%. 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 Nebraska (472nd of 565), and 8,135th of 11,911 in health care & social assistance. In 2024, the employer put in $1.74 for every $1.00 employees contributed themselves; active participation has grown from 100 to 148 since 2022.

Plan summary
Net assets, end of year$4,622,573
Participants with balances149
Active participants148
Employer contributions$277,430
Employee contributions$159,154
Employer contribution per active participant$1,875
Average account balance$31,024
Benefits paid to participants$491,042
Plan auditUnmodified (clean) audit opinion
AuditorFRANKEL, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 149 accts · $277K emplr
2023$4.2M · 102 accts · $290K emplr
2022$4.0M · 94 accts · $264K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,668
Total administrative$30,668
The Boys & Girls Clubs of the Midlands 401(k) match · 2024
Employer contribution per active participant$1,875
Median for plans this size$1,313
2024$1,875 per active participant
2023$3,089 per active participant
2022$2,644 per active participant

Boys & Girls Clubs of the Midlands'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$28,068
SILVERSTONE ASSET MANAGEMENT, INC. · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MGMT LLC · Investment advisory (participants)indirect comp

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$30,668 · 0.70%
2023$32,079 · 0.78%
2022$30,708 · 0.62%
Similar plansHealth Care & Social Assistance · Nebraska
Azria Health NE$5.4M · 1.16%
Centerpointe, Inc. NE$3.9M · 1.29%
Kubat Pharmacy, LLC NE$3.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470467350 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.