Plan Ledger DOL Form 5500 · updated monthly

New Venture Fund401(k)

NEW VENTURE FUND 401(K) PROFIT SHARING PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

New Venture Fund reported $125,253 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,266 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 fell from 0.31% to 0.24%. 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 148th-largest of 618 plans among District of Columbia employers on file, and the 370th of 3,341 in other services. In 2024, employees put in $1.35 for every $1.00 the employer contributed; active participation has shrunk from 688 to 535 since 2022.

Plan summary
Net assets, end of year$57,948,656
Participants with balances961
Active participants535
Employer contributions$3,887,552
Employee contributions$5,240,739
Employer contribution per active participant$7,266
Average account balance$60,300
Benefits paid to participants$7,132,951
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.9M · 961 accts · $3.9M emplr
2023$48.4M · 1,227 accts · $4.7M emplr
2022$36.2M · 1,019 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,536
Investment management$46,717
Total administrative$125,253
The New Venture Fund 401(k) match · 2024
Employer contribution per active participant$7,266
Median for plans this size$3,635
2024$7,266 per active participant
2023$6,932 per active participant
2022$6,697 per active participant

New Venture Fund'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 · 20243
THREE BELL CAPITAL LLC · Investment advisory (plan)$46,717
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$50

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$125,253 · 0.24%
2023$83,191 · 0.20%
2022$111,411 · 0.31%
Same employer
Similar plansOther Services · District of Columbia
Truth Initiative DC$57.4M · 0.08%
Legal Services Corporation DC$56.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205806345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.