Plan Ledger DOL Form 5500 · updated monthly

Northwest Indiana Lighthouse Charter School401(k)

NORTHWEST INDIANA LIGHTHOUSE CHARTER SCHOOL 401(K) PLAN · GARY, IN · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Northwest Indiana Lighthouse Charter School reported $14,613 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $717 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 0.05% to 0.65%. 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 Indiana (1,375th of 1,562), and 2,817th of 3,091 in educational services. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,294,856
Participants with balances151
Active participants260
Employer contributions$186,417
Employee contributions$252,324
Employer contribution per active participant$717
Average account balance$15,198
Benefits paid to participants$579,572
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$2.3M · 151 accts · $186K emplr
2022$1.7M · 77 accts · $19K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,882
Investment management$6,731
Total administrative$14,613
The Northwest Indiana Lighthouse Charter School 401(k) match · 2024
Employer contribution per active participant$717
Median for plans this size$1,313
2024$717 per active participant
2022$92 per active participant

Northwest Indiana Lighthouse Charter School'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
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$7,882
MARSH & MCLENNAN AGENCY · Investment advisory (plan)$6,731

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

Administrative cost history2
2024$14,613 · 0.65%
2022$775 · 0.05%
Same employer
Similar plansEducational Services · Indiana
The Oaks Academy, Inc. IN$5.0M · 0.13%
Little Star Center, Inc. IN$3.9M · 0.11%
Salem University, LLC IN$2.5M · 0.19%
Ays, Inc. IN$544K · 1.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455198386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.