Plan Ledger DOL Form 5500 · updated monthly

Rcma403(b)

403(B) PLAN FOR REDLANDS CHRISTIAN MIGRANT ASSOCIATION, INC. · IMMOKALEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Rcma reported $88,127 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $829 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 0.66% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 763rd-largest of 3,644 plans among Florida employers on file, and the 2,613th of 11,911 in health care & social assistance. In 2024, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,361,317
Participants with balances925
Active participants1,524
Employer contributions$1,262,758
Employee contributions$1,847,163
Employer contribution per active participant$829
Average account balance$34,985
Benefits paid to participants$4,048,442
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 925 accts · $1.3M emplr
2023$30.5M · 890 accts · $1.2M emplr
2022$26.2M · 870 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,257
Investment management$49,870
Total administrative$88,127
Employer contributions to the Rcma plan · 2024
Employer contribution per active participant$829
Median for plans this size$2,416
2024$829 per active participant
2023$687 per active participant
2022$731 per active participant

Rcma's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NAPLES ASSET MANAGEMENT CO LLC · Investment advisory (plan)$49,870

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$88,127 · 0.28%
2023$114,435 · 0.40%
2022$182,916 · 0.66%
Same employer
Similar plansHealth Care & Social Assistance · Florida

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Source: U.S. Department of Labor, Form 5500 series, EIN 591221966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.