Plan Ledger DOL Form 5500 · updated monthly

Samaritan Ministries International401(k)

SAMARITAN MINISTRIES PLANNING FOR FUTURE SUCCESS 401(K) · PEORIA, IL · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Samaritan Ministries International reported $49,711 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,203 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 0.58% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Illinois (2,239th of 3,702), and the 1,494th of 3,341 in other services. In 2024, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,853,862
Participants with balances504
Active participants383
Employer contributions$843,679
Employee contributions$1,230,073
Employer contribution per active participant$2,203
Average account balance$23,520
Benefits paid to participants$876,197
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 504 accts · $844K emplr
2023$9.2M · 516 accts · $803K emplr
2022$6.5M · 475 accts · $716K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,529
Investment management$38,947
Total administrative$49,711
The Samaritan Ministries International 401(k) match · 2024
Employer contribution per active participant$2,203
Median for plans this size$2,416
2024$2,203 per active participant
2023$2,043 per active participant
2022$1,894 per active participant

Samaritan Ministries International's 2024 employer contribution ran below 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 · 20244
ALLIANCE PENSION CONSULTANTS, LLC · Recordkeeping · Pension consulting$10,529
DAVID VAUGHAN INVESTMENTS, INC. · Investment advisory (plan)$38,947
CHARLES SCHWAB & CO., INC · Custodial$1,638
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trusteeindirect comp

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

Recordkeeper by year2
2024ALLIANCE PENSION CONSULTANTS, LLC
2023ALLIANCE PENSION CONSULTANTS, LLC

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

Administrative cost history3
2024$49,711 · 0.47%
2023$40,020 · 0.51%
2022$36,032 · 0.58%
Same employer
Similar plansOther Services · Illinois
Fooda, Inc. IL$14.0M · 0.68%
Ignite Team Partners, LLC IL$13.1M · 0.82%
Dsi Holdings Corporation IL$12.6M · 0.34%
Amalgamated Transit Union IL$12.6M · 0.29%
Milestone, Inc. IL$10.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371295601 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.