Plan Ledger DOL Form 5500 · updated monthly

St Mary Community Action Agency Inc401(k)

ST MARY COMMUNITY ACTION AGENCY INC 401(K) PLAN & TRUST · FRANKLIN, LA · plan year 2024

Employer contribution per participant · 2024
$607

St Mary Community Action Agency Inc's 2024 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 $1,654,765 across 147 participant accounts, with employer contributions averaging $607 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 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Louisiana (780th of 884), and 10,344th of 11,911 in health care & social assistance. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,654,765
Participants with balances147
Active participants166
Employer contributions$100,721
Employee contributions$107,112
Employer contribution per active participant$607
Average account balance$11,257
Benefits paid to participants$159,722
Plan auditUnmodified (clean) audit opinion
AuditorERICKSEN KRENTEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 147 accts · $101K emplr
2023$1.6M · 145 accts · $96K emplr
2022$1.4M · 140 accts · $91K emplr
The St Mary Community Action Agency Inc 401(k) match · 2024
Employer contribution per active participant$607
Median for plans this size$1,313
2024$607 per active participant
2023$643 per active participant
2022$582 per active participant

St Mary Community Action Agency Inc's 2024 employer contribution ran below the $1,313 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
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansHealth Care & Social Assistance · Louisiana
Lafourche Arc LA$1.9M · 0.05%
Carc Inc. LA$1.2M
Options, Inc LA$1.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720643183 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.