Plan Ledger DOL Form 5500 · updated monthly

Summit Early Learning, Inc.401(k)

403(B) THRIFT PLAN FOR EMPLOYEES OF SUMMIT EARLY LEARNING, INC. · MIFFLINBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Summit Early Learning, Inc. reported $3,272 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $454 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 rose from 0.01% to 0.07%. 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 Pennsylvania (2,873rd of 3,651), and 7,868th of 11,911 in health care & social assistance. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has grown from 236 to 294 since 2022.

Plan summary
Net assets, end of year$5,071,363
Participants with balances322
Active participants294
Employer contributions$133,410
Employee contributions$175,541
Employer contribution per active participant$454
Average account balance$15,750
Benefits paid to participants$583,688
Plan auditUnmodified (clean) audit opinion
AuditorWAGNER DRESS ELSASSER & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 322 accts · $133K emplr
2023$4.8M · 279 accts · $113K emplr
2022$4.3M · 245 accts · $118K emplr
The Summit Early Learning, Inc. 401(k) match · 2024
Employer contribution per active participant$454
Median for plans this size$1,313
2024$454 per active participant
2023$459 per active participant
2022$501 per active participant

Summit Early Learning, 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.

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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$3,061

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$3,272 · 0.07%
2023$1,805 · 0.04%
2022$372 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Riddle Village PA$5.1M · 0.04%
Philabundance PA$5.1M · 0.51%
Elm Terrace Gardens PA$5.0M · 1.03%
Caring People Alliance PA$4.9M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231706558 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.