Plan Ledger DOL Form 5500 · updated monthly

Project Amistad, Inc.401(k)

EMPLOYEE BENEFIT PLAN OF PROJECT AMISTAD · EL PASO, TX · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Project Amistad, Inc. reported $2,572 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,036 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 0.29% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (5,019th of 5,688), and 10,287th of 11,911 in health care & social assistance. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 77 to 87 since 2022.

Plan summary
Net assets, end of year$1,713,116
Participants with balances110
Active participants87
Employer contributions$90,115
Employee contributions$168,313
Employer contribution per active participant$1,036
Average account balance$15,574
Benefits paid to participants$94,750
Plan auditUnmodified (clean) audit opinion
AuditorSBNG PC
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 110 accts · $90K emplr
2023$1.4M · 111 accts · $88K emplr
2022$1.1M · 125 accts · $67K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,533
Investment management$39
Total administrative$2,572
The Project Amistad, Inc. 401(k) match · 2024
Employer contribution per active participant$1,036
Median for plans this size$1,313
2024$1,036 per active participant
2023$1,023 per active participant
2022$872 per active participant

Project Amistad, 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$2,572

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$2,572 · 0.17%
2023$3,416 · 0.28%
2022$3,500 · 0.29%
Similar plansHealth Care & Social Assistance · Texas
Drh & Associates, Inc. TX$1.8M · 0.13%
The Zachariah Group LLC TX$1.7M · 0.60%
Hrmd Management TX$1.6M · 0.04%
Spectrum of Hope, LLC TX$1.6M · 5.49%
Covenant Kids Inc. TX$1.6M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741861796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.