Plan Ledger DOL Form 5500 · updated monthly

Capital Area Food Bank401(k)

CAPITAL AREA FOOD BANK 401(K) RETIREMENT PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Capital Area Food Bank reported $44,808 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $5,831 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 0.17% to 0.64%. 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 District of Columbia (477th of 618), and 6,484th of 11,911 in health care & social assistance. In 2024, the employer put in $1.25 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,935,538
Participants with balances225
Active participants167
Employer contributions$973,697
Employee contributions$776,190
Employer contribution per active participant$5,831
Average account balance$35,269
Benefits paid to participants$783,257
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN, ROSENBERG, AND FREEDMAN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 225 accts · $974K emplr
2023$6.0M · 224 accts · $937K emplr
2022$4.1M · 216 accts · $809K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,253
Investment management$30,555
Total administrative$44,808
The Capital Area Food Bank 401(k) match · 2024
Employer contribution per active participant$5,831
Median for plans this size$1,313
2024$5,831 per active participant
2023$5,356 per active participant
2022$4,962 per active participant

Capital Area Food Bank's 2024 employer contribution ran above the $1,313 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 · 20242
NEWPORT GROUP, INC. · Recordkeeping$14,253
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$30,555

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$44,808 · 0.64%
2023$24,124 · 0.48%
2022$6,603 · 0.17%
Same employer
Similar plansHealth Care & Social Assistance · District of Columbia
Bread for City, Inc. DC$9.1M · 1.03%
Food & Friends, Inc. DC$8.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521167581 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.