Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries-Manasota, Inc.401(k)

GOODWILL INDUSTRIES-MANASOTA, INC. RETIREMENT PLAN · BRADENTON, FL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Goodwill Industries-Manasota, Inc. reported $16,967 in plan administrative expenses for 2024: 0.34% of average plan assets, below the peer median. Employer contributions averaged $223 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 0.23% to 0.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Florida (2,404th of 3,644), and 2,227th of 3,341 in other services. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 754 to 1,500 since 2022.

Plan summary
Net assets, end of year$5,465,777
Participants with balances308
Active participants1,500
Employer contributions$334,464
Employee contributions$569,181
Employer contribution per active participant$223
Average account balance$17,746
Benefits paid to participants$807,272
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 308 accts · $334K emplr
2023$4.5M · 222 accts · $243K emplr
2022$4.6M · 205 accts · $226K emplr
Administrative expenses, itemized · 2024
Investment management$16,967
Total administrative$16,967
The Goodwill Industries-Manasota, Inc. 401(k) match · 2024
Employer contribution per active participant$223
Median for plans this size$1,313
2024$223 per active participant
2023$290 per active participant
2022$300 per active participant

Goodwill Industries-Manasota, 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 · 20244
GOODWILL INDUSTRIES-MANASOTA, INC.$13,500
FIRST PARTY ADMINISTRATORS · Contract administrator$5,550
EMPOWER ADVISORY GROUP, LLC · Investment management$2,579

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$16,967 · 0.34%
2023$24,264 · 0.53%
2022$11,423 · 0.23%
Same employer
Similar plansOther Services · Florida
626 Holdings Equity LLC FL$6.3M · 0.77%
Give Kids the World, Inc. FL$6.0M · 0.27%
Jimco Maintenance Inc. FL$5.4M · 0.98%
Quiet Professionals LLC FL$5.3M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592074391 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.