Plan Ledger DOL Form 5500 · updated monthly

Interfaith Ministries for Greater Houston401(k)

SAFE-HARBOR 403(B) THRIFT PLAN FOR EMPLOYEES OF INTERFAITH MINISTRIES FOR GREATER HOUSTON · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Interfaith Ministries for Greater Houston reported $35,820 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $855 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 0.02% to 0.76%. 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 Texas (3,993rd of 5,688), and 7,788th of 11,911 in health care & social assistance. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 142 to 298 since 2022.

Plan summary
Net assets, end of year$5,211,885
Participants with balances175
Active participants298
Employer contributions$254,878
Employee contributions$475,562
Employer contribution per active participant$855
Average account balance$29,782
Benefits paid to participants$309,590
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 175 accts · $255K emplr
2023$4.3M · 184 accts · $237K emplr
2022$3.6M · 236 accts · $182K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,613
Investment management$23,207
Total administrative$35,820
The Interfaith Ministries for Greater Houston 401(k) match · 2024
Employer contribution per active participant$855
Median for plans this size$1,313
2024$855 per active participant
2023$880 per active participant
2022$1,279 per active participant

Interfaith Ministries for Greater Houston'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
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Investment advisory (participants)$12,613
GLOBAL RETIREMENT PARTNERS, LLC · Accounting / audit$23,207
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$35,820 · 0.76%
2023$12,551 · 0.32%
2022$627 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Mission Road Ministries TX$5.3M · 0.43%
Tarrant Area Food Bank TX$5.2M · 0.64%
Hope Hospice TX$5.1M · 1.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741488102 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.