Plan Ledger DOL Form 5500 · updated monthly

Neighborworks America401(k)

NEIGHBORWORKS AMERICA RETIREMENT PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Neighborworks America reported $196,047 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $10,692 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 0.157% to 0.165%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 84th-largest of 618 plans among District of Columbia employers on file, and the 156th of 3,341 in other services. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$123,013,776
Participants with balances433
Active participants325
Employer contributions$3,474,870
Employee contributions$3,182,182
Employer contribution per active participant$10,692
Average account balance$284,096
Benefits paid to participants$11,781,652
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$123.0M · 433 accts · $3.5M emplr
2023$114.7M · $3.4M emplr
2022$103.7M · 446 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,684
Investment management$39,263
Total administrative$196,047
The Neighborworks America 401(k) match · 2024
Employer contribution per active participant$10,692
Median for plans this size$3,635
2024$10,692 per active participant
2022$11,019 per active participant

Neighborworks America's 2024 employer contribution ran above the $3,635 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 · 20244
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$37,500
RAYMOND JAMES FINANCIAL SERVICES$12,500
ADVISED ASSETS GROUP, LLC · Investment management$1,763

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$196,047 · 0.16%
2023$162,751 · 0.15%
2022$178,486 · 0.16%
Same employer
Similar plansOther Services · District of Columbia
American Petroleum Institute DC$138.5M · 0.12%
World Resources Institute DC$126.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521148078 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.