Plan Ledger DOL Form 5500 · updated monthly

Sholom Community Alliance403(b)

SHOLOM COMMUNITY ALLIANCE 403B PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Sholom Community Alliance reported $69,198 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $661 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 1 year on file its reported administrative ratio rose from 0.45% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,097th of 1,918), and the 4,612th of 11,911 in health care & social assistance. In 2024, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,335,211
Participants with balances310
Active participants514
Employer contributions$339,914
Employee contributions$1,150,944
Employer contribution per active participant$661
Average account balance$46,243
Benefits paid to participants$892,488
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$14.3M · 310 accts · $340K emplr
2023$12.0M · 292 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,753
Investment management$31,445
Total administrative$69,198
Employer contributions to the Sholom Community Alliance plan · 2024
Employer contribution per active participant$661
Median for plans this size$2,416
2024$661 per active participant
2023$482 per active participant

Sholom Community Alliance's 2024 employer contribution ran below the $2,416 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.

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$37,753
NFP RETIREMENT INC. · Investment advisory (plan)$31,437

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

Administrative cost history2
2024$69,198 · 0.52%
2023$53,443 · 0.45%
All plans at this employer2
SHOLOM COMMUNITY ALLIANCE 403B PLAN403(b)
THE SHOLOM COMMUNITY ALLIANCE TAX SHELTERED ANNUITY PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Opportunity Partners, Inc. MN$15.0M · 0.45%
Rise, Inc. MN$15.0M · 0.04%
Acr Homes, Inc. MN$14.9M · 0.67%
Mainsl Services, Inc. MN$14.3M · 0.57%
Apple Tree Dental MN$14.3M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411837022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.