Plan Ledger DOL Form 5500 · updated monthly

Modern Woodmen of America401(k)

MODERN WOODMEN OF AMERICA EMPLOYEES' SAVINGS PLAN · ROCK ISLAND, IL · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Modern Woodmen of America reported $14,195 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,433 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 0.00% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 275th-largest of 3,702 plans among Illinois employers on file, and the 500th of 4,798 in finance & insurance. In 2024, employees put in $3.26 for every $1.00 the employer contributed; active participation has grown from 1,059 to 1,206 since 2022.

Plan summary
Net assets, end of year$250,526,792
Participants with balances1,831
Active participants1,206
Employer contributions$2,934,539
Employee contributions$9,552,079
Employer contribution per active participant$2,433
Average account balance$136,825
Benefits paid to participants$26,129,347
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$250.5M · 1,831 accts · $2.9M emplr
2023$234.3M · 1,689 accts · $2.8M emplr
2022$211.4M · 1,545 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,325
Investment management$1,870
Total administrative$14,195
The Modern Woodmen of America 401(k) match · 2024
Employer contribution per active participant$2,433
Median for plans this size$3,635
2024$2,433 per active participant
2023$2,429 per active participant
2022$2,410 per active participant

Modern Woodmen of America's 2024 employer contribution ran below the $3,635 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
VANGUARD GROUP INC. · Consulting · Loan processing$12,325

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$14,195 · 0.01%
2023$7,025 · 0.00%
2022$6,900 · 0.00%
Same employer
Similar plansFinance & Insurance · Illinois
First Busey Corporation IL$268.2M · 0.15%
Calamos Investments LLC IL$232.9M · 0.01%
Harris Associates L.P. IL$209.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361493430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.