Plan Ledger DOL Form 5500 · updated monthly

St. Matthew's House, Inc.401(k)

ST. MATTHEW'S HOUSE, INC. 401(K) PROFIT SHARING PLAN AND TRUST · NAPLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

St. Matthew's House, Inc. reported $4,717 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,042 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 3 years on file its reported administrative ratio has held roughly steady near 0.17%. 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 Florida (2,845th of 3,644), and 9,092nd of 11,911 in health care & social assistance. In 2024, employees put in $1.35 for every $1.00 the employer contributed; active participation has grown from 186 to 302 since 2022.

Plan summary
Net assets, end of year$3,225,536
Participants with balances129
Active participants302
Employer contributions$314,805
Employee contributions$426,292
Employer contribution per active participant$1,042
Average account balance$25,004
Benefits paid to participants$297,985
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 129 accts · $315K emplr
2023$2.4M · 119 accts · $259K emplr
2022$1.5M · 147 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,371
Trustee / custodial$1,346
Total administrative$4,717
The St. Matthew's House, Inc. 401(k) match · 2024
Employer contribution per active participant$1,042
Median for plans this size$1,313
2024$1,042 per active participant
2023$856 per active participant
2022$1,016 per active participant

St. Matthew's House, Inc.'s 2024 employer contribution ran below the $1,313 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.

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.

Administrative cost history3
2024$4,717 · 0.17%
2023$6,437 · 0.33%
2022$3,176 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · Florida
DDS Lab, LLC FL$3.3M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651110501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.