Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of Michiana, Inc.DC plan

403(B) THRIFT PLAN OF GOODWILL INDUSTRIES OF MICHIANA, INC. · SOUTH BEND, IN · plan year 2024

Reported admin expense ratio · 2024
1.30%

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

Goodwill Industries of Michiana, Inc. reported $180,711 in plan administrative expenses for 2024: 1.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,315 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 3 years on file its reported administrative ratio has held roughly steady near 1.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 740th-largest of 1,562 plans among Indiana employers on file, and the 1,332nd of 3,341 in other services. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$14,257,030
Participants with balances1,266
Active participants671
Employer contributions$882,175
Employee contributions$837,231
Employer contribution per active participant$1,315
Average account balance$11,261
Benefits paid to participants$2,611,266
Plan auditUnmodified (clean) audit opinion
AuditorKRUGGEL, LAWTON & COMPANY.LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 1,266 accts · $882K emplr
2023$13.6M · 1,227 accts · $933K emplr
2022$11.2M · 1,049 accts · $735K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$180,711
Total administrative$180,711
Employer contributions to the Goodwill Industries of Michiana, Inc. plan · 2024
Employer contribution per active participant$1,315
Median for plans this size$2,416
2024$1,315 per active participant
2023$1,267 per active participant
2022$1,028 per active participant

Goodwill Industries of Michiana, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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
ADMIN PARTNERS LLC · Contract administrator$38,285

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$180,711 · 1.30%
2023$139,147 · 1.12%
2022$157,092 · 1.29%
Same employer
Similar plansOther Services · Indiana
Wildman Business Group, LLC IN$18.2M · 0.72%
Kiwanis International IN$16.8M · 0.23%
Our Sunday Visitor, Inc. IN$16.3M · 0.27%
Grand Industrial, LLC IN$10.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351093073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.