Plan Ledger DOL Form 5500 · updated monthly

The Rescue Mission of Roanoke, Inc.403(b)

THE RESCUE MISSION OF ROANOKE, INC. 403(B) PLAN · ROANOKE, VA · plan year 2022

Employer contribution per participant · 2022
$422

The Rescue Mission of Roanoke, Inc.'s 2022 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 $498,699 across 50 participant accounts, with employer contributions averaging $422 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (2,224th of 2,266), and 11,359th of 11,911 in health care & social assistance. In 2022, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$498,699
Participants with balances50
Active participants85
Employer contributions$35,897
Employee contributions$54,941
Employer contribution per active participant$422
Average account balance$9,974
Benefits paid to participants$474,564
Plan auditUnmodified (clean) audit opinion
Employer contributions to the The Rescue Mission of Roanoke, Inc. plan · 2022
Employer contribution per active participant$422
Median for plans this size$331

The Rescue Mission of Roanoke, Inc.'s 2022 employer contribution ran above the $331 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 540573900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.