What are the fees in the Irene Wortham Center, Inc. Defined-contribution plan plan?

For plan year 2022, Irene Wortham Center, Inc. reported $213 in plan administrative expenses, or 0.03% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

How much does Irene Wortham Center, Inc. contribute to its Defined-contribution plan?

In 2022, employer contributions to the Irene Wortham Center, Inc. plan averaged $298 per active participant, below the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Irene Wortham Center, Inc. 401(k)?

The average participant account balance was $15,806 for plan year 2022, based on 54 accounts.

Irene Wortham Center, Inc.DC plan

Name: Irene Wortham Center, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

403(B) THRIFT PLAN OF IRENE WORTHAM CENTER, INC. · ASHEVILLE, NC · plan year 2022

Reported admin expense ratio · 2022

0.03%

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

Irene Wortham Center, Inc. reported $213 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $298 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans. By assets it is among the smaller plans on file in North Carolina (1,899th of 2,005). In 2022, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$853,535
Participants with balances54
Active participants120
Employer contributions$35,804
Employee contributions$56,758
Employer contribution per active participant$298
Average account balance$15,806
Benefits paid to participants$47,810
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON,HOLLAND,WHITESELL & COPLLC

Employer contributions to the Irene Wortham Center, Inc. plan · 2022

Employer contribution per active participant$298

Median for plans this size$331

Irene Wortham Center, Inc.'s 2022 employer contribution ran below the $331 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$213 · 0.03%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 560733452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.