Plan Ledger DOL Form 5500 · updated monthly

Gateway Community Services403(b)

GATEWAY COMMUNITY SERVICES MATCHED SAVINGS PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Gateway Community Services reported $3,872 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $378 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 0.11% to 0.13%. 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 Florida (2,872nd of 3,644), and 9,192nd of 11,911 in health care & social assistance. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has shrunk from 265 to 195 since 2022.

Plan summary
Net assets, end of year$3,095,897
Participants with balances72
Active participants195
Employer contributions$73,775
Employee contributions$145,999
Employer contribution per active participant$378
Average account balance$42,999
Benefits paid to participants$443,987
Plan auditUnmodified (clean) audit opinion
AuditorSMOAK, DAVIS, & NIXON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 72 accts · $74K emplr
2023$3.0M · 80 accts · $86K emplr
2022$2.7M · 85 accts · $80K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,872
Total administrative$3,872
Employer contributions to the Gateway Community Services plan · 2024
Employer contribution per active participant$378
Median for plans this size$1,313
2024$378 per active participant
2023$290 per active participant
2022$302 per active participant

Gateway Community Services'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 · 20241

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$3,872 · 0.13%
2023$2,648 · 0.09%
2022$2,785 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Florida
St. Matthew's House, Inc. FL$3.2M · 0.17%
Seniors First, Inc. FL$3.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591881828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.