Plan Ledger DOL Form 5500 · updated monthly

Project Now, Inc.DC plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF PROJECT NOW, INC. · ROCK ISLAND, IL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Project Now, Inc. reported $456 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $890 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 0.01% to 0.02%. 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 Illinois (3,269th of 3,702), and 9,446th of 11,911 in health care & social assistance. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has shrunk from 118 to 100 since 2022.

Plan summary
Net assets, end of year$2,750,280
Participants with balances81
Active participants100
Employer contributions$89,032
Employee contributions$116,347
Employer contribution per active participant$890
Average account balance$33,954
Benefits paid to participants$363,374
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 81 accts · $89K emplr
2023$2.6M · 83 accts · $64K emplr
2022$2.4M · 126 accts · $72K emplr
Employer contributions to the Project Now, Inc. plan · 2024
Employer contribution per active participant$890
Median for plans this size$1,313
2024$890 per active participant
2023$492 per active participant
2022$607 per active participant

Project Now, 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
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$456

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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Administrative cost history3
2024$456 · 0.02%
2023$267 · 0.01%
2022$372 · 0.01%
Same employer
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One Home Health Agency IL$2.8M · 0.54%
Good Shepherd Manor, Inc. IL$2.8M · 0.92%
Lydia Home Association IL$2.7M · 0.38%
Crosspoint Human Services IL$2.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362654175 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.