Plan Ledger DOL Form 5500 · updated monthly

Water Missions International403(b)

WATER MISSIONS INTERNATIONAL 403(B) RETIREMENT PLAN · NORTH CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Water Missions International reported $30,963 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $2,041 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 0.14% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in South Carolina (453rd of 807), and 336th of 412 in utilities. In 2024, employees put in $2.53 for every $1.00 the employer contributed; active participation has grown from 121 to 139 since 2022.

Plan summary
Net assets, end of year$8,726,281
Participants with balances162
Active participants139
Employer contributions$283,639
Employee contributions$718,144
Employer contribution per active participant$2,041
Average account balance$53,866
Benefits paid to participants$745,892
Plan auditUnmodified (clean) audit opinion
AuditorTAIT WELLER AND BAKER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 162 accts · $284K emplr
2023$7.2M · 153 accts · $276K emplr
2022$4.9M · 146 accts · $229K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,016
Investment management$14,947
Total administrative$30,963
Employer contributions to the Water Missions International plan · 2024
Employer contribution per active participant$2,041
Median for plans this size$1,313
2024$2,041 per active participant
2023$2,104 per active participant
2022$1,894 per active participant

Water Missions International's 2024 employer contribution ran above 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.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$16,015
RPA FINANCIAL, LLC · Investment advisory (plan)$14,944

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$30,963 · 0.39%
2023$15,153 · 0.25%
2022$6,199 · 0.14%
Same employer
Similar plansUtilities · South Carolina
United Telephone Company TN$9.2M · 0.49%
D & M Contracting, Inc. PA$9.0M · 0.75%
Boomerang Corp. IA$8.7M · 0.72%
Esjoule, LLC CA$8.5M · 0.04%
Himes Holdings, Inc. IN$8.5M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571116978 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.