Plan Ledger DOL Form 5500 · updated monthly

Greater Erie Community Action Committee403(b)

GREATER ERIE COMMUNITY ACTION COMMITTEE TAX DEFERRED ANNUITY PROGRAM · ERIE, PA · plan year 2023

Reported admin expense ratio · 2023
0.76%

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

Greater Erie Community Action Committee reported $87,721 in plan administrative expenses for 2023: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,651 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 0.76% to 0.85%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (2,126th of 3,651), and the 5,219th of 11,911 in health care & social assistance. In 2023, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,765,314
Participants with balances220
Active participants114
Employer contributions$188,226
Employee contributions$226,835
Employer contribution per active participant$1,651
Average account balance$53,479
Benefits paid to participants$1,226,619
Plan auditUnmodified (clean) audit opinion
AuditorROOT, SPITZNAS & SMILEY, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 202 accts · $208K emplr
2023$11.8M · 220 accts · $188K emplr
2022$11.4M · 232 accts · $208K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$87,721
Total administrative$87,721
Employer contributions to the Greater Erie Community Action Committee plan · 2023
Employer contribution per active participant$1,651
Median for plans this size$2,440
2024$1,550 per active participant
2023$1,651 per active participant
2022$1,766 per active participant

Greater Erie Community Action Committee's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$87,702

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$98,232 · 0.85%
2023$87,721 · 0.76%
2022$96,463 · 0.76%
Similar plansHealth Care & Social Assistance · Pennsylvania
Human Services Center PA$12.1M · 0.54%
Prospectus/Berco PA$12.1M · 0.53%
Brethren Village PA$11.8M · 0.04%
Lancaster Urology, PC PA$11.7M · 0.38%
Philadelphia Works, Inc. PA$11.7M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 256068246 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.