Plan Ledger DOL Form 5500 · updated monthly

Broadway Services Inc.403(b)

BROADWAY SERVICES INC. RETIREMENT PLAN · NEW ORLEANS, LA · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Broadway Services Inc. reported $15,542 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $1,061 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 0.36% to 0.39%. 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 Louisiana (641st of 884), and 8,393rd of 11,911 in health care & social assistance. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has shrunk from 166 to 137 since 2022.

Plan summary
Net assets, end of year$4,227,137
Participants with balances97
Active participants137
Employer contributions$145,332
Employee contributions$246,970
Employer contribution per active participant$1,061
Average account balance$43,579
Benefits paid to participants$359,027
Plan auditUnmodified (clean) audit opinion
AuditorLAPORTE CPAS & BUSINESS ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 97 accts · $145K emplr
2023$3.7M · 101 accts · $164K emplr
2022$3.0M · 110 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$940
Investment management$14,602
Total administrative$15,542
Employer contributions to the Broadway Services Inc. plan · 2024
Employer contribution per active participant$1,061
Median for plans this size$1,313
2024$1,061 per active participant
2023$1,206 per active participant
2022$965 per active participant

Broadway Services Inc.'s 2024 employer contribution ran below 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
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$940
LPL FINANCIAL LLC · Investment advisory (participants) · Investment advisory (plan)$14,602

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$15,542 · 0.39%
2023$14,090 · 0.42%
2022$11,762 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
Union General Hospital LA$4.3M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731665555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.