What are the fees in the Friends Fellowship Community, Inc. Money purchase plan plan?

For plan year 2022, Friends Fellowship Community, Inc. reported $32,333 in plan administrative expenses, or 0.87% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

How much does Friends Fellowship Community, Inc. contribute to its Money purchase plan?

In 2022, employer contributions to the Friends Fellowship Community, Inc. plan averaged $1,330 per active participant, above the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Friends Fellowship Community, Inc. 401(k)?

The average participant account balance was $41,299 for plan year 2022, based on 85 accounts.

Friends Fellowship Community, Inc.Money purchase plan

Name: Friends Fellowship Community, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

FRIENDS FELLOWSHIP COMMUNITY, INC. MONEY PURCHASE PENSION TRUST · RICHMOND, IN · plan year 2022

Reported admin expense ratio · 2022

0.87%

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

Friends Fellowship Community, Inc. reported $32,333 in plan administrative expenses for 2022: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,330 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Indiana (1,285th of 1,562), and 8,906th of 11,911 in health care & social assistance. In 2022, employees put in $1.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,510,391
Participants with balances85
Active participants100
Employer contributions$133,026
Employee contributions$133,026
Employer contribution per active participant$1,330
Average account balance$41,299
Benefits paid to participants$155,251
Plan auditUnmodified (clean) audit opinion
AuditorBRADY WARE

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$32,333

Total administrative$32,333

Employer contributions to the Friends Fellowship Community, Inc. plan · 2022

Employer contribution per active participant$1,330

Median for plans this size$1,114

Friends Fellowship Community, Inc.'s 2022 employer contribution ran above 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.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$32,333 · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351066778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.