Plan Ledger DOL Form 5500 · updated monthly

Share Our Strength401(k)

SHARE OUR STRENGTH 401(K) PROFIT SHARING PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Share Our Strength reported $114,289 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $5,389 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 0.40% to 0.31%. 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 the 212th-largest of 618 plans among District of Columbia employers on file, and the 559th of 3,341 in other services. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has shrunk from 293 to 244 since 2022.

Plan summary
Net assets, end of year$39,085,418
Participants with balances362
Active participants244
Employer contributions$1,314,816
Employee contributions$2,956,089
Employer contribution per active participant$5,389
Average account balance$107,971
Benefits paid to participants$3,050,963
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.1M · 362 accts · $1.3M emplr
2023$33.6M · 387 accts · $1.3M emplr
2022$27.1M · 397 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,289
Total administrative$114,289
The Share Our Strength 401(k) match · 2024
Employer contribution per active participant$5,389
Median for plans this size$2,416
2024$5,389 per active participant
2023$4,861 per active participant
2022$4,221 per active participant

Share Our Strength's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$114,289
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)indirect 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$114,289 · 0.31%
2023$107,493 · 0.35%
2022$111,636 · 0.40%
Same employer
Similar plansOther Services · District of Columbia
Leadingage, Inc. DC$41.3M · 0.00%
Oceana, Inc. DC$39.2M · 0.21%
Pact, Inc. DC$38.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521367538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.