Plan Ledger DOL Form 5500 · updated monthly

Search Homeless Project403(b)

SEARCH RETIREMENT PLAN · HOUSTON, TX · plan year 2021

Employer contribution per participant · 2021
$1,357

Search Homeless Project's 2021 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 $7,413,359 across 173 participant accounts, with employer contributions averaging $1,357 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 289 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (3,518th of 5,688), and 6,685th of 11,911 in health care & social assistance. In 2021, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,413,359
Participants with balances173
Active participants124
Employer contributions$168,228
Employee contributions$312,594
Employer contribution per active participant$1,357
Average account balance$42,852
Benefits paid to participants$164,602
Plan auditUnmodified (clean) audit opinion
AuditorHARPER & PEARSON COMPANY, P.C.
Plan history2
Yearassets · accounts · employer contribution
2022$6.6M · 196 accts · $180K emplr
2021$7.4M · 173 accts · $168K emplr
Employer contributions to the Search Homeless Project plan · 2021
Employer contribution per active participant$1,357
Median for plans this size$994
2022$1,467 per active participant
2021$1,357 per active participant

Search Homeless Project's 2021 employer contribution ran above the $994 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.

Administrative cost history2
2022Not separately reported
2021Not separately reported
Similar plansHealth Care & Social Assistance · Texas
Lena Pope Home, Inc. TX$7.5M · 0.14%
Ophthalmic Partners, PA TX$7.4M · 0.44%
Sagis, PLLC TX$7.2M · 0.52%
North Texas Food Bank TX$7.2M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760260403 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.