Plan Ledger DOL Form 5500 · updated monthly

Islamic Relief USA401(k)

ISLAMIC RELIEF USA 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Islamic Relief USA reported $1,245 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,683 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 0.011% to 0.010%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (1,307th of 2,266), and the 4,973rd of 11,911 in health care & social assistance. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has grown from 140 to 159 since 2022.

Plan summary
Net assets, end of year$12,739,017
Participants with balances178
Active participants159
Employer contributions$426,676
Employee contributions$579,840
Employer contribution per active participant$2,683
Average account balance$71,568
Benefits paid to participants$1,195,403
Plan auditUnmodified (clean) audit opinion
AuditorMCKONLY & ASBURY CPA
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 178 accts · $427K emplr
2023$11.3M · 175 accts · $514K emplr
2022$8.8M · 158 accts · $437K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,245
Total administrative$1,245
The Islamic Relief USA 401(k) match · 2024
Employer contribution per active participant$2,683
Median for plans this size$2,416
2024$2,683 per active participant
2023$3,273 per active participant
2022$3,124 per active participant

Islamic Relief USA's 2024 employer contribution ran above the $2,416 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 · 20242
SATURNA TRUST COMPANY · Recordkeeping · Custodial (securities)indirect comp
MCKONLY & ASBURY CPA · Accounting / auditindirect 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
2024SATURNA TRUST COMPANY
2023SATURNA TRUST COMPANY

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

Administrative cost history3
2024$1,245 · 0.01%
2023$315 · 0.00%
2022$1,020 · 0.01%
Similar plansHealth Care & Social Assistance · Virginia
Asca Foundation VA$13.6M · 0.77%
Retirement Unlimited, Inc. VA$13.3M · 1.22%
Johnson Health Center VA$13.3M · 0.07%
Home Care Delivered, Inc. VA$12.6M · 0.42%
Spectrum Medical, Inc. VA$11.4M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 954453134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.