Plan Ledger DOL Form 5500 · updated monthly

Scan, Inc.403(b)

SCAN, INC. 403(B) TDA PLAN · FORT WAYNE, IN · plan year 2022

Employer contribution per participant · 2022
$456

Scan, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $3,349,561 across 126 participant accounts, with employer contributions averaging $456 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.06% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Indiana (1,296th of 1,562), and 9,007th of 11,911 in health care & social assistance. In 2022, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,349,561
Participants with balances126
Active participants139
Employer contributions$63,385
Employee contributions$111,017
Employer contribution per active participant$456
Average account balance$26,584
Benefits paid to participants$326,019
Plan auditUnmodified (clean) audit opinion
AuditorHAINES, ISENBARGER & SKIBA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 117 accts · $63K emplr
2023$3.0M · 121 accts · $54K emplr
2022$3.3M · 126 accts · $63K emplr
Employer contributions to the Scan, Inc. plan · 2022
Employer contribution per active participant$456
Median for plans this size$1,114
2024$366 per active participant
2023$378 per active participant
2022$456 per active participant

Scan, Inc.'s 2022 employer contribution ran below the $1,114 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.

Administrative cost history3
2024$497 · 0.02%
2023$1,985 · 0.06%
2022Not separately reported
Same employer
Similar plansHealth Care & Social Assistance · Indiana
1ST Kids, Inc. IN$3.4M · 0.89%
Byron Health Center IN$3.3M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310899309 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.