Plan Ledger DOL Form 5500 · updated monthly

Prosperity Now403(b)

PROSPERITY NOW RETIREMENT SAVINGS PLAN · WASHINGTON, DC · plan year 2023

Reported admin expense ratio · 2023
0.65%

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

Prosperity Now reported $47,316 in plan administrative expenses for 2023: 0.65% of average plan assets, above the peer median. Employer contributions averaged $7,083 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 1 year on file its reported administrative ratio fell from 0.65% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in District of Columbia (475th of 618), and 1,871st of 3,341 in other services. In 2023, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,986,610
Participants with balances121
Active participants63
Employer contributions$446,260
Employee contributions$712,353
Employer contribution per active participant$7,083
Average account balance$66,005
Benefits paid to participants$903,623
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN ROSENBERG & FREEDMAN
Plan history2
Yearassets · accounts · employer contribution
2024$7.3M · 111 accts · $293K emplr
2023$8.0M · 121 accts · $446K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$47,316
Total administrative$47,316
Employer contributions to the Prosperity Now plan · 2023
Employer contribution per active participant$7,083
Median for plans this size$1,308
2024$13,313 per active participant
2023$7,083 per active participant

Prosperity Now's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,316

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

Administrative cost history2
2024$38,740 · 0.51%
2023$47,316 · 0.65%
Similar plansOther Services · District of Columbia
First Book DC$9.1M · 0.44%
America Votes, Inc. DC$8.1M · 0.27%
Colonial Parking, Inc. DC$7.7M · 0.12%
Working America DC$7.4M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521141804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.