COMMUNITY RESOURCES FOR INDEPENDENCE, INC. 401(K) PROFIT SHARING PLAN · ERIE, PA · plan year 2024
Reported admin expense ratio · 2024
0.07%
Peer grade: B+· admin costs + employer contributions vs same-size plans · how grading works
Community Resources for Independence, Inc. reported $8,375 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,441 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 3 years on file its reported administrative ratio has held roughly steady near 0.068%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (2,062nd of 3,651), and the 5,033rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.37 for every $1.00 employees contributed themselves.
Plan summary
Net assets, end of year$12,464,234
Participants with balances397
Active participants315
Employer contributions$454,064
Employee contributions$331,962
Employer contribution per active participant$1,441
Average account balance$31,396
Benefits paid to participants$1,898,096
Plan auditUnmodified (clean) audit opinion
AuditorMCGILL POWER BELL & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 397 accts · $454K emplr
2023$12.3M · 392 accts · $572K emplr
2022$11.3M · 406 accts · $838K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,375
Total administrative$8,375
The Community Resources for Independence, Inc. 401(k) match · 2024
Employer contribution per active participant$1,441
Median for plans this size$2,416
2024$1,441 per active participant
2023$2,117 per active participant
2022$2,870 per active participant
Community Resources for Independence, Inc.'s 2024 employer contribution ran below the $2,416 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 251640170 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.