Plan Ledger DOL Form 5500 · updated monthly

Feeding America401(k)

FEEDING AMERICA 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Feeding America reported $8,277 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,938 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 0.013% to 0.012%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 689th-largest of 3,702 plans among Illinois employers on file, and the 268th of 3,341 in other services. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$75,383,275
Participants with balances514
Active participants399
Employer contributions$3,167,210
Employee contributions$4,828,286
Employer contribution per active participant$7,938
Average account balance$146,660
Benefits paid to participants$5,129,957
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$75.4M · 514 accts · $3.2M emplr
2023$64.2M · 518 accts · $2.8M emplr
2022$53.6M · 493 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,277
Total administrative$8,277
The Feeding America 401(k) match · 2024
Employer contribution per active participant$7,938
Median for plans this size$3,635
2024$7,938 per active participant
2023$7,017 per active participant
2022$6,628 per active participant

Feeding America's 2024 employer contribution ran above the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$8,277
ALERA INVESTMENT ADVISORS, LLC · Investment advisory (plan)indirect comp

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$8,277 · 0.01%
2023$6,782 · 0.01%
2022$7,379 · 0.01%
Same employer
Similar plansOther Services · Illinois

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Source: U.S. Department of Labor, Form 5500 series, EIN 363673599 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.