Plan Ledger DOL Form 5500 · updated monthly

Gap Ministries403(b)

GAP MINISTRIES 403(B) PLAN · TUCSON, AZ · plan year 2022

Reported admin expense ratio · 2022
0.90%

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

Gap Ministries reported $5,166 in plan administrative expenses for 2022: 0.90% of average plan assets, above the peer median. Employer contributions averaged $0 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Arizona (1,214th of 1,285), and 3,175th of 3,341 in other services.

Plan summary
Net assets, end of year$530,269
Participants with balances70
Active participants98
Employer contributions$0
Employee contributions$75,663
Employer contribution per active participant$0
Average account balance$7,575
Benefits paid to participants$69,488
Plan auditUnmodified (clean) audit opinion
AuditorREGIER CARR AND MONROE LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,166
Total administrative$5,166
The Gap Ministries 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$331

Gap Ministries's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$5,166 · 0.90%
Similar plansOther Services · Arizona
Oliverio Clips Inc AZ$564K · 2.04%
Callpoint, LLC AZ$382K · 0.92%
Cmr Construction LLC AZ$320K · 0.71%
Kula Inc AZ$232K · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860999503 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.