Plan Ledger DOL Form 5500 · updated monthly

Samaritan's Purse401(k)

SAMARITAN'S PURSE 401(K) RETIREMENT PLAN · BOONE, NC · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Samaritan's Purse reported $286,557 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $4,157 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 0.19% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 129th-largest of 2,005 plans among North Carolina employers on file, and the 97th of 3,341 in other services. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves; active participation has grown from 1,488 to 2,221 since 2022.

Plan summary
Net assets, end of year$180,556,596
Participants with balances2,060
Active participants2,221
Employer contributions$9,232,292
Employee contributions$8,863,864
Employer contribution per active participant$4,157
Average account balance$87,649
Benefits paid to participants$11,404,792
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$180.6M · 2,060 accts · $9.2M emplr
2023$153.9M · 1,990 accts · $8.1M emplr
2022$124.8M · 1,770 accts · $7.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$286,557
Total administrative$286,557
The Samaritan's Purse 401(k) match · 2024
Employer contribution per active participant$4,157
Median for plans this size$3,635
2024$4,157 per active participant
2023$4,152 per active participant
2022$4,712 per active participant

Samaritan's Purse's 2024 employer contribution ran above the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$286,557
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp

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$286,557 · 0.17%
2023$261,750 · 0.19%
2022$255,162 · 0.19%
Same employer
Similar plansOther Services · North Carolina
High Point University NC$174.4M · 0.33%
Cotton Incorporated NC$45.1M · 0.20%
Gmc Legacy, LLC NC$40.2M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581437002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.