Plan Ledger DOL Form 5500 · updated monthly

Meals on Wheels People, Inc.401(k)

MEALS ON WHEELS PEOPLE, INC. 401(K) PROFIT SHARING PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Meals on Wheels People, Inc. reported $42,821 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $3,779 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 0.61%. 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 Oregon (636th of 1,021), and 6,580th of 11,911 in health care & social assistance. In 2024, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,695,846
Participants with balances148
Active participants114
Employer contributions$430,760
Employee contributions$513,925
Employer contribution per active participant$3,779
Average account balance$51,999
Benefits paid to participants$496,830
Plan auditUnmodified (clean) audit opinion
AuditorALDRICH CPAS & ADVISORS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 148 accts · $431K emplr
2023$6.4M · 140 accts · $373K emplr
2022$5.3M · 129 accts · $305K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,675
Investment management$14,146
Total administrative$42,821
The Meals on Wheels People, Inc. 401(k) match · 2024
Employer contribution per active participant$3,779
Median for plans this size$1,313
2024$3,779 per active participant
2023$3,521 per active participant
2022$2,749 per active participant

Meals on Wheels People, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20241
RAYMOND JAMES FSA INC · Investment advisory (participants)$14,146

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

Administrative cost history3
2024$42,821 · 0.61%
2023$35,581 · 0.61%
2022$33,286 · 0.60%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
Lifeways Inc. OR$8.2M · 0.24%
Protocall Services, Inc. OR$8.0M · 0.84%
Ride Connection, Inc. OR$7.3M · 0.50%
Neighborimpact OR$7.2M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930584318 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.