Plan Ledger DOL Form 5500 · updated monthly

Fullbloom401(k)

FULLBLOOM RETIREMENT SAVINGS PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Fullbloom reported $489,231 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $318 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 rose from 0.46% to 0.64%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 532nd-largest of 3,651 plans among Pennsylvania employers on file, and the 614th of 3,091 in educational services. In 2024, employees put in $8.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$85,502,149
Participants with balances6,282
Active participants5,955
Employer contributions$1,893,056
Employee contributions$15,805,097
Employer contribution per active participant$318
Average account balance$13,611
Benefits paid to participants$10,147,779
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$85.5M · 6,282 accts · $1.9M emplr
2023$68.3M · 6,064 accts · $2.2M emplr
2022$51.1M · 4,765 accts · $798K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$418,706
Investment management$46,125
Audit (IQPA)$24,400
Total administrative$489,231
The Fullbloom 401(k) match · 2024
Employer contribution per active participant$318
Median for plans this size$3,635
2024$318 per active participant
2023$340 per active participant
2022$147 per active participant

Fullbloom's 2024 employer contribution ran below the $3,635 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$418,706
MMA SECURITIES LLC · Investment advisory (plan)$46,125
TORRILLO & ASSOCIATES LLC · Accounting / audit$24,400

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$489,231 · 0.64%
2023$364,895 · 0.61%
2022$244,401 · 0.46%
Same employer
Similar plansEducational Services · Pennsylvania
Misericordia University PA$89.9M · 0.07%
Mercyhurst University PA$87.6M · 0.01%
Eastern University PA$86.6M · 0.01%
Grove City College PA$83.4M · 0.46%
Saint Vincent College PA$80.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731685121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.