Plan Ledger DOL Form 5500 · updated monthly

Northwest Florida Christian Assoc, Inc.403(b)

NORTHWEST FLORIDA CHRISTIAN EDUCATION ASSOC., INC 403(B) · NICEVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
1.08%

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

Northwest Florida Christian Assoc, Inc. reported $25,570 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $767 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 1.32% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Florida (2,954th of 3,644), and 2,775th of 3,091 in educational services. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has shrunk from 192 to 159 since 2022.

Plan summary
Net assets, end of year$2,658,104
Participants with balances119
Active participants159
Employer contributions$121,880
Employee contributions$290,144
Employer contribution per active participant$767
Average account balance$22,337
Benefits paid to participants$116,807
Plan auditDisclaimer of opinion
AuditorMARTIN CPA
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 119 accts · $122K emplr
2023$2.1M · 114 accts · $96K emplr
2022$1.6M · 105 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,235
Investment management$11,335
Total administrative$25,570
Employer contributions to the Northwest Florida Christian Assoc, Inc. plan · 2024
Employer contribution per active participant$767
Median for plans this size$1,313
2024$767 per active participant
2023$558 per active participant
2022$370 per active participant

Northwest Florida Christian Assoc, Inc.'s 2024 employer contribution ran below 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 · 20242
ASCENSUS LLC · Recordkeeping$14,235
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$10,995

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$25,570 · 1.08%
2023$21,111 · 1.14%
2022$18,902 · 1.32%
Similar plansEducational Services · Florida
Academy at the Farm, Inc. FL$3.6M · 0.04%
Agmus Ventures Inc FL$3.3M · 0.53%
Indtai Inc FL$3.1M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592899181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.