Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of Middle Tennessee, Inc.403(b)

GOODWILL INDUSTRIES OF MIDDLE TENNESSEE RETIREMENT PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Goodwill Industries of Middle Tennessee, Inc. reported $69,126 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $583 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 fell from 0.83% to 0.79%. 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 Tennessee (841st of 1,496), and the 5,752nd of 11,911 in health care & social assistance. In 2024, employees put in $1.37 for every $1.00 the employer contributed; active participation has grown from 1,077 to 1,343 since 2022.

Plan summary
Net assets, end of year$9,843,535
Participants with balances591
Active participants1,343
Employer contributions$782,613
Employee contributions$1,073,399
Employer contribution per active participant$583
Average account balance$16,656
Benefits paid to participants$974,395
Plan auditUnmodified (clean) audit opinion
AuditorBLANKENSHIP CPA GROUP, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 591 accts · $783K emplr
2023$7.8M · 543 accts · $632K emplr
2022$6.1M · 502 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,126
Total administrative$69,126
The Goodwill Industries of Middle Tennessee, Inc. 401(k) match · 2024
Employer contribution per active participant$583
Median for plans this size$1,313
2024$583 per active participant
2023$606 per active participant
2022$232 per active participant

Goodwill Industries of Middle Tennessee, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$69,125
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)indirect comp
ROBERT W. BAIRD & CO. INCORPORATED · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$69,126 · 0.79%
2023$50,826 · 0.73%
2022$54,431 · 0.83%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Spero Health, Inc. TN$10.4M · 0.11%
Medic, Inc. TN$10.3M · 0.57%
Shearwater Health TN$9.8M · 1.17%
Medical Care, PLLC TN$9.2M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620599413 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.