Plan Ledger DOL Form 5500 · updated monthly

Development Workshop, Inc.403(b)

DEVELOPMENT WORKSHOP, INC. RETIREMENT SAVINGS PLAN · IDAHO FALLS, ID · plan year 2024

Reported admin expense ratio · 2024
1.50%

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

Development Workshop, Inc. reported $24,320 in plan administrative expenses for 2024: 1.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $226 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 1.29% to 1.50%. 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 Idaho (301st of 349), and 10,312th of 11,911 in health care & social assistance. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves; active participation has grown from 157 to 216 since 2022.

Plan summary
Net assets, end of year$1,684,944
Participants with balances137
Active participants216
Employer contributions$48,732
Employee contributions$44,790
Employer contribution per active participant$226
Average account balance$12,299
Benefits paid to participants$126,327
Plan auditUnmodified (clean) audit opinion
AuditorRUDD & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 137 accts · $49K emplr
2023$1.6M · 131 accts · $49K emplr
2022$1.5M · 147 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,703
Total administrative$24,320
The Development Workshop, Inc. 401(k) match · 2024
Employer contribution per active participant$226
Median for plans this size$1,313
2024$226 per active participant
2023$333 per active participant
2022$286 per active participant

Development Workshop, 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 · 20245
PROFESSIONAL BENEFIT SERVICES INC · Contract administrator$7,071
EMPOWER ADVISORY GROUP, LLC · Investment management$5,136
ECHELON GROUP · Investment advisory (plan)$4,084
ARBOR POINT ADVISORS · Investment advisory (plan)$3,347

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

Administrative cost history3
2024$24,320 · 1.50%
2023$27,112 · 1.77%
2022$18,504 · 1.29%
Similar plansHealth Care & Social Assistance · Idaho
Ashley Manor, LLC ID$3.3M · 1.25%
Communicare, Inc. ID$1.9M · 1.70%
Life Incorporated ID$414K · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820303456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.