MCGILL, POWER, BELL & ASSOCIATES, LLP 401(K) AND PROFIT SHARING PLAN · MEADVILLE, PA · plan year 2024
Reported admin expense ratio · 2024
0.81%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
McGill, Power, Bell & Associates, LLP reported $90,297 in plan administrative expenses for 2024: 0.81% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,168 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 3 years on file its reported administrative ratio has held roughly steady near 0.81%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Pennsylvania (2,111th of 3,651), and 7,431st of 11,654 in professional & technical services. In 2024, employees put in $2.11 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$11,858,107
Participants with balances133
Active participants117
Employer contributions$370,607
Employee contributions$782,100
Employer contribution per active participant$3,168
Average account balance$89,159
Benefits paid to participants$763,319
Plan auditUnmodified (clean) audit opinion
AuditorSMITH ELLIOTT KEARNS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 133 accts · $371K emplr
2023$10.4M · 137 accts · $349K emplr
2022$9.5M · 124 accts · $320K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,928
Investment management$66,259
Trustee / custodial$5,110
Total administrative$90,297
The McGill, Power, Bell & Associates, LLP 401(k) match · 2024
Employer contribution per active participant$3,168
Median for plans this size$2,416
2024$3,168 per active participant
2023$2,907 per active participant
2022$2,882 per active participant
McGill, Power, Bell & Associates, LLP'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.
Source: U.S. Department of Labor, Form 5500 series, EIN 251031405 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.