Plan Ledger DOL Form 5500 · updated monthly

Downtown Business Improvement District Corporation401(k)

DOWNTOWN BUSINESS IMPROVEMENT DISTRICT 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Downtown Business Improvement District Corporation reported $35,523 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $4,146 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 0.52% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in District of Columbia (464th of 618), and the 1,092nd of 2,534 in administrative & support services. In 2024, the employer put in $1.17 for every $1.00 employees contributed themselves; active participation has grown from 78 to 98 since 2022.

Plan summary
Net assets, end of year$8,737,690
Participants with balances122
Active participants98
Employer contributions$406,297
Employee contributions$347,301
Employer contribution per active participant$4,146
Average account balance$71,620
Benefits paid to participants$724,525
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 122 accts · $406K emplr
2023$7.4M · 113 accts · $351K emplr
2022$6.6M · 101 accts · $365K emplr
The Downtown Business Improvement District Corporation 401(k) match · 2024
Employer contribution per active participant$4,146
Median for plans this size$1,313
2024$4,146 per active participant
2023$3,812 per active participant
2022$4,682 per active participant

Downtown Business Improvement District Corporation'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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$16,639
EMPOWER ADVISORY GROUP · Investment management$1,108
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$79

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$35,523 · 0.44%
2023$37,131 · 0.53%
2022$37,017 · 0.52%
Same employer
Similar plansAdministrative & Support Services · District of Columbia
Ibex Global Solutions, Inc. DC$12.7M · 0.84%
Edops DC$11.6M · 0.40%
Midtown Personnel, Inc. DC$102K · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522053279 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.