Plan Ledger DOL Form 5500 · updated monthly

Friendship Haven, Inc.403(b)

FRIENDSHIP HAVEN, INC. EMPLOYEES' PENSION PLAN · FORT DODGE, IA · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Friendship Haven, Inc. reported $57,114 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $327 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 3 years on file its reported administrative ratio has held roughly steady near 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (668th of 878), and 7,281st of 11,911 in health care & social assistance. In 2024, employees put in $3.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,144,142
Participants with balances143
Active participants363
Employer contributions$118,676
Employee contributions$456,540
Employer contribution per active participant$327
Average account balance$42,966
Benefits paid to participants$659,537
Plan auditUnmodified (clean) audit opinion
AuditorRYUN, GIVENS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 143 accts · $119K emplr
2023$5.5M · 144 accts · $111K emplr
2022$5.3M · 140 accts · $104K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,114
Total administrative$57,114
Employer contributions to the Friendship Haven, Inc. plan · 2024
Employer contribution per active participant$327
Median for plans this size$1,313
2024$327 per active participant
2023$292 per active participant
2022$311 per active participant

Friendship Haven, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 FINWAY GROUP LLC · Contract administrator$26,491
NORTHWEST WEALTH MANAGEMENT LLC · Investment advisory (plan)$14,776

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$57,114 · 0.98%
2023$51,901 · 0.96%
2022$59,024 · 0.96%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Mid Step Services Inc IA$6.3M · 0.57%
Ellipsis, Inc. IA$6.2M · 0.40%
Infinity Health IA$6.1M · 0.04%
Optimae Liefservices Inc IA$5.9M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420698245 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.