Plan Ledger DOL Form 5500 · updated monthly

Tarrant Area Food Bank403(b)

TARRANT AREA FOOD BANK 403(B) PLAN · FORT WORTH, TX · plan year 2023

Reported admin expense ratio · 2023
0.64%

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

Tarrant Area Food Bank reported $29,227 in plan administrative expenses for 2023: 0.64% of average plan assets, above the peer median. Employer contributions averaged $2,942 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 0.01% to 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (4,011th of 5,688), and 7,820th of 11,911 in health care & social assistance. In 2023, employees put in $1.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,158,753
Participants with balances182
Active participants113
Employer contributions$332,489
Employee contributions$346,823
Employer contribution per active participant$2,942
Average account balance$28,345
Benefits paid to participants$499,996
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$5.2M · 182 accts · $332K emplr
2022$4.0M · 152 accts · $272K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,267
Investment management$16,960
Total administrative$29,227
The Tarrant Area Food Bank 401(k) match · 2023
Employer contribution per active participant$2,942
Median for plans this size$1,308
2023$2,942 per active participant
2022$2,426 per active participant

Tarrant Area Food Bank's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$16,960
EMPOWER ADVISORY GROUP, LLC · Investment management$190

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

Administrative cost history2
2023$29,227 · 0.64%
2022$234 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Mission Road Ministries TX$5.3M · 0.43%
Hope Hospice TX$5.1M · 1.12%
Childcaregroup TX$5.1M · 0.15%
The Council on Recovery TX$5.0M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751822473 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.