Plan Ledger DOL Form 5500 · updated monthly

Prison Fellowship Ministries403(b)

THE PRISON FELLOWSHIP MINISTRIES 403(B) RETIREMENT PLAN · LANSDOWNE, VA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Prison Fellowship Ministries reported $76,511 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,458 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 0.07% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 880th-largest of 2,266 plans among Virginia employers on file, and the 910th of 3,341 in other services. In 2024, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,990,531
Participants with balances412
Active participants284
Employer contributions$697,947
Employee contributions$1,717,982
Employer contribution per active participant$2,458
Average account balance$58,229
Benefits paid to participants$2,344,072
Plan auditDisclaimer of opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 412 accts · $698K emplr
2023$21.2M · 389 accts · $730K emplr
2022$20.4M · 420 accts · $695K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,249
Investment management$35,262
Total administrative$76,511
Employer contributions to the Prison Fellowship Ministries plan · 2024
Employer contribution per active participant$2,458
Median for plans this size$2,416
2024$2,458 per active participant
2023$2,354 per active participant
2022$2,235 per active participant

Prison Fellowship Ministries's 2024 employer contribution ran above the $2,416 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$41,249
CAPFINANCIAL PARTNERS LLC · Consulting · Insurance services$35,262

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$76,511 · 0.34%
2023$71,693 · 0.35%
2022$15,591 · 0.07%
Same employer
Similar plansOther Services · Virginia
Techlaw Consultants, Inc. VA$25.2M · 0.38%
Avixa, Inc. VA$24.1M · 0.35%
Operation Smile, Inc. VA$23.3M · 0.11%
Nami VA$20.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620988294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.