Plan Ledger DOL Form 5500 · updated monthly

Bridgeway, Inc.401(k)

BRIDGEWAY, INC. 401(K) PROFIT SHARING PLAN · GALESBURG, IL · plan year 2024

Reported admin expense ratio · 2024
1.37%

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

Bridgeway, Inc. reported $62,689 in plan administrative expenses for 2024: 1.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $385 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 0.63% to 1.37%. 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 Illinois (3,003rd of 3,702), and 8,151st of 11,911 in health care & social assistance. In 2024, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,605,527
Participants with balances266
Active participants322
Employer contributions$123,836
Employee contributions$340,566
Employer contribution per active participant$385
Average account balance$17,314
Benefits paid to participants$897,544
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 266 accts · $124K emplr
2023$4.6M · 262 accts · $118K emplr
2022$4.2M · 244 accts · $105K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,018
Investment management$31,794
Audit (IQPA)$25,877
Total administrative$62,689
The Bridgeway, Inc. 401(k) match · 2024
Employer contribution per active participant$385
Median for plans this size$1,313
2024$385 per active participant
2023$375 per active participant
2022$346 per active participant

Bridgeway, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$5,018
GLOBAL RETIREMENT PARTNERS LLC · Consulting · Investment advisory (plan)$31,794
CLIFTON LARSON ALLEN LLP · Accounting / audit$25,877

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$62,689 · 1.37%
2023$21,731 · 0.50%
2022$25,280 · 0.63%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Illuminate Healthcare IL$4.8M · 0.86%
Macon Resources Inc IL$4.5M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370984175 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.