Goodworks, IncProfit-sharing plan
GOODWORKS INC, FEDERAL CONTRACT RETIREMENT PLAN · NEW ORLEANS, LA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Goodworks, Inc reported $55,478 in plan administrative expenses for 2024: 2.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,107 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 2.53%. 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 Louisiana (744th of 884), and 9,808th of 11,911 in health care & social assistance.
Goodworks, Inc's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 522071295 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.