Plan Ledger DOL Form 5500 · updated monthly

Potential Development Program, Inc.403(b)

POTENTIAL DEVELOPMENT PROGRAM, INC. 403(B) PLAN · YOUNGSTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
1.22%

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

Potential Development Program, Inc. reported $30,130 in plan administrative expenses for 2024: 1.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,215 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 1.66% to 1.22%. 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 Ohio (2,889th of 3,295), and 2,752nd of 3,091 in educational services. In 2024, the employer put in $1.48 for every $1.00 employees contributed themselves; active participation has grown from 113 to 148 since 2022.

Plan summary
Net assets, end of year$2,848,379
Participants with balances151
Active participants148
Employer contributions$327,892
Employee contributions$221,238
Employer contribution per active participant$2,215
Average account balance$18,863
Benefits paid to participants$88,900
Plan auditUnmodified (clean) audit opinion
AuditorHD DAVIS CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 151 accts · $328K emplr
2023$2.1M · 136 accts · $272K emplr
2022$1.5M · 108 accts · $153K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,064
Investment management$15,066
Total administrative$30,130
Employer contributions to the Potential Development Program, Inc. plan · 2024
Employer contribution per active participant$2,215
Median for plans this size$1,313
2024$2,215 per active participant
2023$2,014 per active participant
2022$1,358 per active participant

Potential Development Program, Inc.'s 2024 employer contribution ran above 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
AMI BENEFIT PLAN ADMINISTRATORS, IN · Contract administrator · Recordkeeping$15,016
ELSASS FINANCIAL GROUP, INC.$15,066

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

Recordkeeper by year2
2024AMI BENEFIT PLAN ADMINISTRATORS, IN
2023AMI BENEFIT PLAN ADMINISTRATORS, IN

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

Administrative cost history3
2024$30,130 · 1.22%
2023$20,772 · 1.16%
2022$25,641 · 1.66%
Same employer
Similar plansEducational Services · Ohio
Fred J. Miller, Inc. OH$3.8M · 0.62%
N & E Learning, LLC OH$1.3M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340789759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.