Plan Ledger DOL Form 5500 · updated monthly

Truth Initiative401(k)

TRUTH INITIATIVE 401(K) PROFIT SHARING PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Truth Initiative reported $47,067 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $14,002 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 fell from 0.12% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 151st-largest of 618 plans among District of Columbia employers on file, and the 375th of 3,341 in other services. In 2024, the employer put in $1.26 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$57,375,550
Participants with balances238
Active participants136
Employer contributions$1,904,322
Employee contributions$1,509,099
Employer contribution per active participant$14,002
Average account balance$241,074
Benefits paid to participants$6,965,081
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$57.4M · 238 accts · $1.9M emplr
2023$53.4M · 244 accts · $1.8M emplr
2022$44.0M · 233 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,067
Total administrative$47,067
The Truth Initiative 401(k) match · 2024
Employer contribution per active participant$14,002
Median for plans this size$3,635
2024$14,002 per active participant
2023$12,414 per active participant
2022$9,696 per active participant

Truth Initiative's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$52,374

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

Administrative cost history3
2024$47,067 · 0.08%
2023Not separately reported
2022$59,403 · 0.12%
Same employer
Similar plansOther Services · District of Columbia
New Venture Fund DC$57.9M · 0.24%
Legal Services Corporation DC$56.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911956621 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.