Plan Ledger DOL Form 5500 · updated monthly

Friends Committee on National Legislation, Inc.401(k)

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC. · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Friends Committee on National Legislation, Inc. reported $42,370 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $8,275 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 0.64% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in District of Columbia (473rd of 618), and 1,858th of 3,341 in other services. In 2024, the employer put in $1.36 for every $1.00 employees contributed themselves; active participation has shrunk from 68 to 61 since 2022.

Plan summary
Net assets, end of year$8,078,074
Participants with balances168
Active participants61
Employer contributions$504,782
Employee contributions$371,098
Employer contribution per active participant$8,275
Average account balance$48,084
Benefits paid to participants$285,986
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 168 accts · $505K emplr
2023$6.6M · 139 accts · $425K emplr
2022$5.2M · 152 accts · $403K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,606
Investment management$27,764
Total administrative$42,370
The Friends Committee on National Legislation, Inc. 401(k) match · 2024
Employer contribution per active participant$8,275
Median for plans this size$1,313
2024$8,275 per active participant
2023$6,346 per active participant
2022$5,924 per active participant

Friends Committee on National Legislation, Inc.'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 · 20243
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$14,606
MILLENNIUM INV & RETIREMENT · Investment advisory (plan)$20,756
EVERENCE TRUST COMPANY · Investment advisory (plan)$7,008

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,370 · 0.58%
2023$38,652 · 0.66%
2022$34,188 · 0.64%
Similar plansOther Services · District of Columbia
First Book DC$9.1M · 0.44%
America Votes, Inc. DC$8.1M · 0.27%
Prosperity Now DC$8.0M · 0.65%
Colonial Parking, Inc. DC$7.7M · 0.12%
Working America DC$7.4M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530178883 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.