Plan Ledger DOL Form 5500 · updated monthly

Living Word Christian Center403(b)

LIVING WORD CHRISTIAN CENTER 403(B) PLAN · BROOKLYN PARK, MN · plan year 2022

Reported admin expense ratio · 2022
1.34%

Living Word Christian Center reported $21,981 in plan administrative expenses for 2022: 1.34% of average plan assets, higher than ~90% of peers. 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,823rd of 1,918), and 2,979th of 3,341 in other services.

Plan summary
Net assets, end of year$1,429,689
Participants with balances68
Active participants241
Employer contributions—
Employee contributions$160,922
Employer contribution per active participant—
Average account balance$21,025
Benefits paid to participants$239,122
Plan auditUnmodified (clean) audit opinion
AuditorMYSLAJEK, KEMP AND SPENCER, LTD.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$8,787
Investment management$13,194
Total administrative$21,981
What these fees cost you

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$21,981 · 1.34%
Similar plansOther Services · Minnesota
St Pauls Outreach Inc MN$3.5M · 0.85%
Carr's Tree Service, Inc. MN$2.7M · 0.43%
Dalco Enterprises, Inc. MN$1.7M · 1.82%
W Peyton Company MN$1.4M · 0.99%
Family Pathways MN$1.3M · 1.24%
Hadc Services, LLC 403(B) MN$1.1M · 0.08%
Stevens Unlimited MN$757K · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411392954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.