Plan Ledger DOL Form 5500 · updated monthly

Goodwill of Colorado403(b)

GOODWILL RETIREMENT SAVINGS 403(B) PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Goodwill of Colorado reported $160,219 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $506 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 0.98%. 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 579th-largest of 1,461 plans among Colorado employers on file, and the 1,153rd of 3,341 in other services. In 2024, the employer put in $1.57 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,606,824
Participants with balances1,646
Active participants3,268
Employer contributions$1,653,771
Employee contributions$1,054,793
Employer contribution per active participant$506
Average account balance$10,697
Benefits paid to participants$2,023,249
Plan auditUnmodified (clean) audit opinion
AuditorSTOCKMAN KAST RYAN & CO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.6M · 1,646 accts · $1.7M emplr
2023$15.0M · 1,481 accts · $1.6M emplr
2022$12.7M · 1,403 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,129
Investment management$34,978
Audit (IQPA)$10,112
Total administrative$160,219
Employer contributions to the Goodwill of Colorado plan · 2024
Employer contribution per active participant$506
Median for plans this size$2,416
2024$506 per active participant
2023$467 per active participant
2022$423 per active participant

Goodwill of Colorado's 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$115,129
IMA ADVISORY SERVICES, INC. · Investment advisory (plan)$34,973
GOODWILL OF COLORADO · Accounting / audit$7,217

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$160,219 · 0.98%
2023$139,475 · 1.01%
2022$138,600 · 1.02%
Same employer
Similar plansOther Services · Colorado
Zynex, Inc. CO$19.8M · 0.80%
Youth Enrichment Brands CO$18.4M · 0.67%
R & H Mechanical, Inc. CO$14.5M · 0.00%
Mile High United Way, Inc. CO$13.8M · 0.34%
Youth for Christ/Usa CO$13.2M · 0.72%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 840513404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.