Plan Ledger DOL Form 5500 · updated monthly

Meals on Wheels San Francisco403(b)

MEALS ON WHEELS SAN FRANCISCO 403(B) RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
1.09%

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

Meals on Wheels San Francisco reported $37,247 in plan administrative expenses for 2024: 1.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,775 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 1.04% to 1.09%. 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 California (7,477th of 9,483), and 8,699th of 11,911 in health care & social assistance. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has shrunk from 179 to 161 since 2022.

Plan summary
Net assets, end of year$3,784,151
Participants with balances170
Active participants161
Employer contributions$285,709
Employee contributions$481,438
Employer contribution per active participant$1,775
Average account balance$22,260
Benefits paid to participants$359,078
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 170 accts · $286K emplr
2023$3.0M · 172 accts · $275K emplr
2022$2.0M · 167 accts · $258K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,247
Total administrative$37,247
Employer contributions to the Meals on Wheels San Francisco plan · 2024
Employer contribution per active participant$1,775
Median for plans this size$1,313
2024$1,775 per active participant
2023$1,635 per active participant
2022$1,441 per active participant

Meals on Wheels San Francisco'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,246

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$37,247 · 1.09%
2023$26,893 · 1.07%
2022$20,025 · 1.04%
Same employer
Similar plansHealth Care & Social Assistance · California
Good Health, Inc. CA$3.8M · 0.22%
Union Rescue Mission CA$3.8M · 1.55%
Harbor Community Clinic CA$3.8M · 0.05%
Bayshire, LLC CA$3.7M · 1.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941741155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.