Plan Ledger DOL Form 5500 · updated monthly

Project Associates, Inc.401(k)

PROJECT ASSOCIATES, INC. RETIREMENT SAVINGS PLAN · EVANSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Project Associates, Inc. reported $34,301 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,944 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 0.15% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 422nd-largest of 1,562 plans among Indiana employers on file, and the 4,070th of 11,654 in professional & technical services. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has grown from 83 to 116 since 2022.

Plan summary
Net assets, end of year$30,903,526
Participants with balances113
Active participants116
Employer contributions$457,446
Employee contributions$1,345,672
Employer contribution per active participant$3,944
Average account balance$273,483
Benefits paid to participants$655,002
Plan auditUnmodified (clean) audit opinion
AuditorHARDING SHYMANSKI & COMPANY, P.S.C.
Plan history3
Yearassets · accounts · employer contribution
2024$30.9M · 113 accts · $457K emplr
2023$25.2M · 112 accts · $425K emplr
2022$20.4M · 99 accts · $313K emplr
Administrative expenses, itemized · 2024
Investment management$53,686
Total administrative$34,301
The Project Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$3,944
Median for plans this size$2,416
2024$3,944 per active participant
2023$4,523 per active participant
2022$3,772 per active participant

Project Associates, Inc.'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
OLD NATIONAL WEALTH MANAGEMENT · Investment advisory (plan)$53,686

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

Administrative cost history3
2024$34,301 · 0.12%
2023$22,269 · 0.10%
2022$34,737 · 0.15%
Similar plansProfessional & Technical Services · Indiana
Employ, Inc. IN$32.3M · 0.74%
Resultant, LLC IN$31.1M · 0.52%
Highpoint Digital, Inc. IN$30.3M · 0.34%
Walker Information, Inc. IN$30.1M · 0.15%
Lhp, Inc IN$26.3M · 0.06%
Capin Crouse LLP IN$26.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351640875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.