Plan Ledger DOL Form 5500 · updated monthly

Bread for the World, Inc.401(k)

BREAD FOR THE WORLD, INC. 401K PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Bread for the World, Inc. reported $2,350 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,052 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 fell from 0.02% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in District of Columbia (361st of 618), and the 1,165th of 3,341 in other services. In 2024, the employer put in $1.30 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,296,386
Participants with balances145
Active participants65
Employer contributions$588,408
Employee contributions$452,705
Employer contribution per active participant$9,052
Average account balance$119,285
Benefits paid to participants$2,029,137
Plan auditUnmodified (clean) audit opinion
AuditorROGERS & COMPANY PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 145 accts · $588K emplr
2023$16.0M · 133 accts · $557K emplr
2022$13.2M · 133 accts · $583K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,350
Total administrative$2,350
The Bread for the World, Inc. 401(k) match · 2024
Employer contribution per active participant$9,052
Median for plans this size$2,416
2024$9,052 per active participant
2023$8,321 per active participant
2022$9,554 per active participant

Bread for the World, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (plan)$200
SCP RETIREMENT SERVICES LLC · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)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$2,350 · 0.01%
2023$2,625 · 0.02%
2022$3,150 · 0.02%
Similar plansOther Services · District of Columbia
Community Connections, Inc. DC$18.4M · 0.38%
Food & Water Watch DC$17.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132803276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.