Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of South Central Wi, Inc.401(k)

GOODWILL INDUSTRIES OF SOUTH CENTRAL WI, INC. 401(K) PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Goodwill Industries of South Central Wi, Inc. reported $33,206 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $670 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 0.05% to 0.73%. 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 Wisconsin (1,643rd of 1,936), and 2,347th of 3,341 in other services. In 2024, employees put in $2.37 for every $1.00 the employer contributed; active participation has grown from 282 to 381 since 2022.

Plan summary
Net assets, end of year$4,746,135
Participants with balances323
Active participants381
Employer contributions$255,224
Employee contributions$604,948
Employer contribution per active participant$670
Average account balance$14,694
Benefits paid to participants$1,094,690
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 323 accts · $255K emplr
2023$4.3M · 220 accts · $184K emplr
2022$3.9M · 249 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,486
Investment management$18,720
Total administrative$33,206
The Goodwill Industries of South Central Wi, Inc. 401(k) match · 2024
Employer contribution per active participant$670
Median for plans this size$1,313
2024$670 per active participant
2023$471 per active participant
2022$558 per active participant

Goodwill Industries of South Central Wi, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
GALLAGHER BENEFIT SERVICES INC · Investment advisory (plan)$18,681
EMPOWER ADVISORY GROUP, LLC · Investment management$39

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$33,206 · 0.73%
2023$18,639 · 0.45%
2022$2,210 · 0.05%
Same employer
Similar plansOther Services · Wisconsin
Bay Towel, Inc. WI$5.8M · 0.71%
Master Fleet, LLC WI$5.7M · 0.77%
Clarity Care, Inc. WI$5.4M · 1.19%
Workforce Resource, Inc. WI$4.0M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391147571 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.