Plan Ledger DOL Form 5500 · updated monthly

Faith Baptist Bible College & Theological SeminaryDC plan

FAITH BAPTIST BIBLE COLLEGE & THEOLOGICAL SEMINARY · ANKENY, IA · plan year 2022

Employer contribution per participant · 2022
$578

Faith Baptist Bible College & Theological Seminary's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $6,867,183 across 137 participant accounts, with employer contributions averaging $578 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Iowa (650th of 878), and 2,345th of 3,091 in educational services. In 2022, employees put in $3.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,867,183
Participants with balances137
Active participants93
Employer contributions$53,768
Employee contributions$185,329
Employer contribution per active participant$578
Average account balance$50,125
Benefits paid to participants$262,415
Plan auditUnmodified (clean) audit opinion
AuditorUHY, LLP
Employer contributions to the Faith Baptist Bible College & Theological Seminary plan · 2022
Employer contribution per active participant$578
Median for plans this size$1,114

Faith Baptist Bible College & Theological Seminary's 2022 employer contribution ran below the $1,114 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.

Similar plansEducational Services · Iowa
Mount Mercy University IA$26.9M · 0.36%
Act Education Corp. IA$25.7M · 0.02%
Grand View University IA$20.3M · 0.41%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 470394397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.