Plan Ledger DOL Form 5500 · updated monthly

Colorado Springs Independence Center403(b)

COLORADO SPRINGS INDEPENDENCE CENTER 403B PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Colorado Springs Independence Center reported $610 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $257 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 0.022% to 0.016%. 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 Colorado (1,120th of 1,461), and 8,520th of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,043,280
Participants with balances101
Active participants285
Employer contributions$73,361
Employee contributions$149,664
Employer contribution per active participant$257
Average account balance$40,032
Benefits paid to participants$322,723
Plan auditUnmodified (clean) audit opinion
AuditorBIGGSKOFFORD P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 101 accts · $73K emplr
2023$3.6M · 102 accts · $47K emplr
2022$3.2M · 109 accts · $65K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$610
Total administrative$610
Employer contributions to the Colorado Springs Independence Center plan · 2024
Employer contribution per active participant$257
Median for plans this size$1,313
2024$257 per active participant
2023$173 per active participant
2022$244 per active participant

Colorado Springs Independence Center'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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$610

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
2023BIGGSKOFFORD CPAS, OneAmerica

This plan has changed recordkeepers within these filings. If you left Colorado Springs Independence Center before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$610 · 0.02%
2023$8,391 · 0.25%
2022$847 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Colorado
Optimal Home Care, Inc. CO$4.3M · 0.90%
Bayaud Enterprises, Inc. CO$4.1M · 0.07%
Matthews-Vu Medical Group CO$4.0M · 0.04%
Ariel Clinical Services CO$3.8M · 0.52%
Pantheryx, Inc. CO$3.8M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841052916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.