Plan Ledger DOL Form 5500 · updated monthly

Lasting Change, Inc.403(b)

LASTING CHANGE, INC. 403(B) PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Lasting Change, Inc. reported $71,375 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,411 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 0.80% to 0.92%. 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 Indiana (964th of 1,562), and 6,264th of 11,911 in health care & social assistance. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has shrunk from 581 to 485 since 2022.

Plan summary
Net assets, end of year$8,450,092
Participants with balances316
Active participants485
Employer contributions$684,161
Employee contributions$1,005,972
Employer contribution per active participant$1,411
Average account balance$26,741
Benefits paid to participants$1,299,070
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 316 accts · $684K emplr
2023$7.1M · 320 accts · $633K emplr
2022$5.3M · 246 accts · $382K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,281
Investment management$35,992
Trustee / custodial$4,102
Total administrative$71,375
Employer contributions to the Lasting Change, Inc. plan · 2024
Employer contribution per active participant$1,411
Median for plans this size$1,313
2024$1,411 per active participant
2023$1,245 per active participant
2022$657 per active participant

Lasting Change, Inc.'s 2024 employer contribution ran above 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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$31,280
SYM FINANCIAL CORPORATION · Investment advisory (participants) · Investment advisory (plan)$35,992
CHARLES SCHWAB BANK · Custodial (securities) · Loan processing$4,102

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$71,375 · 0.92%
2023$61,555 · 0.99%
2022$44,072 · 0.80%
Same employer
Similar plansHealth Care & Social Assistance · Indiana

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 351167389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.