Plan Ledger DOL Form 5500 · updated monthly

Memphis Goodwill Inc.403(b)

MEMPHIS GOODWILL INC. 403B RETIREMENT PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
2.15%

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

Memphis Goodwill Inc. reported $35,264 in plan administrative expenses for 2024: 2.15% of average plan assets, higher than ~90% of peers. Employer contributions averaged $298 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 1.86% to 2.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Tennessee (1,338th of 1,496), and 4,720th of 5,215 in retail trade. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 519 to 592 since 2022.

Plan summary
Net assets, end of year$1,803,420
Participants with balances319
Active participants592
Employer contributions$176,155
Employee contributions$300,136
Employer contribution per active participant$298
Average account balance$5,653
Benefits paid to participants$270,920
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 319 accts · $176K emplr
2023$1.5M · 316 accts · $168K emplr
2022$1.2M · 552 accts · $135K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,034
Investment management$15,161
Trustee / custodial$1,254
Total administrative$35,264
Employer contributions to the Memphis Goodwill Inc. plan · 2024
Employer contribution per active participant$298
Median for plans this size$1,313
2024$298 per active participant
2023$291 per active participant
2022$260 per active participant

Memphis Goodwill Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
AVANTAX RETIREMENT PLAN SERVICES · Recordkeeping · Consulting$35,264

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

Recordkeeper by year2
2024AVANTAX RETIREMENT PLAN SERVICES
2023AVANTAX RETIREMENT PLAN SERVICES

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

Administrative cost history3
2024$35,264 · 2.15%
2023$43,092 · 3.18%
2022$22,729 · 1.86%
Same employer
Similar plansRetail Trade · Tennessee
Miracle Ford, Inc. TN$2.3M · 0.56%
Cox Oil Company, Inc TN$2.3M · 0.06%
Edwards Oil Company, Inc. TN$2.0M · 0.09%
Beach Oil Company, LLC TN$1.7M · 0.37%
Jones Motor Co., Inc. TN$1.4M · 1.48%
Capital Motor Sales, Inc. TN$1.2M · 0.13%
Castle Retail Group TN$1.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263445007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.