Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of Kanawha Valley, Inc.401(k)

GOODWILL INDUSTRIES OF KANAWHA VALLEY 401(K) PLAN · CHARLESTON, WV · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Goodwill Industries of Kanawha Valley, Inc. reported $19,015 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $362 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 0.48% to 0.86%. 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 West Virginia (229th of 265), and 2,765th of 3,341 in other services. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 300 to 469 since 2022.

Plan summary
Net assets, end of year$2,486,570
Participants with balances362
Active participants469
Employer contributions$169,695
Employee contributions$259,810
Employer contribution per active participant$362
Average account balance$6,869
Benefits paid to participants$161,693
Plan auditUnmodified (clean) audit opinion
AuditorGRAYS, GRIFFITH & MAYS A.C
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 362 accts · $170K emplr
2023$1.9M · 290 accts · $132K emplr
2022$1.5M · 234 accts · $102K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,015
Total administrative$19,015
The Goodwill Industries of Kanawha Valley, Inc. 401(k) match · 2024
Employer contribution per active participant$362
Median for plans this size$1,313
2024$362 per active participant
2023$372 per active participant
2022$342 per active participant

Goodwill Industries of Kanawha Valley, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$15,049
METRO BENEFITS INC. · Contract administrator · Other services$3,965

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$19,015 · 0.86%
2023$18,496 · 1.07%
2022$7,854 · 0.48%
Similar plansOther Services · West Virginia
Onyx Energy, LLC WV$3.1M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550380828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.