Plan Ledger DOL Form 5500 · updated monthly

Grace Schools401(k)

GRACE SCHOOLS 401(K) RETIREMENT PLAN AND TRUST · WINONA LAKE, IN · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Grace Schools reported $72,859 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,014 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 0.48% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 537th-largest of 1,562 plans among Indiana employers on file, and 1,553rd of 3,091 in educational services. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 434 to 571 since 2022.

Plan summary
Net assets, end of year$21,394,916
Participants with balances520
Active participants571
Employer contributions$578,893
Employee contributions$961,800
Employer contribution per active participant$1,014
Average account balance$41,144
Benefits paid to participants$1,426,229
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 520 accts · $579K emplr
2023$18.6M · 562 accts · $574K emplr
2022$14.9M · 629 accts · $545K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,859
Total administrative$72,859
The Grace Schools 401(k) match · 2024
Employer contribution per active participant$1,014
Median for plans this size$2,416
2024$1,014 per active participant
2023$1,102 per active participant
2022$1,255 per active participant

Grace Schools'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 · 20242
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Loan processing$72,859
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$72,859 · 0.36%
2023$64,663 · 0.39%
2022$82,093 · 0.48%
Similar plansEducational Services · Indiana
Saint Joseph's College IN$30.1M · 0.00%
Canterbury School IN$23.8M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350868095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.