Plan Ledger DOL Form 5500 · updated monthly

Wesley Commons403(b)

WESLEY COMMONS 403(B) RETIREMENT SAVINGS PLAN · GREENWOOD, SC · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Wesley Commons reported $48,347 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $953 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 0.64% to 0.51%. 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 South Carolina (427th of 807), and the 5,783rd of 11,911 in health care & social assistance. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 250 to 299 since 2022.

Plan summary
Net assets, end of year$9,757,143
Participants with balances325
Active participants299
Employer contributions$284,985
Employee contributions$533,565
Employer contribution per active participant$953
Average account balance$30,022
Benefits paid to participants$1,326,570
Plan auditUnmodified (clean) audit opinion
AuditorELLIOT DAVIS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 325 accts · $285K emplr
2023$9.1M · 297 accts · $247K emplr
2022$7.4M · 245 accts · $234K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,538
Investment management$19,809
Total administrative$48,347
Employer contributions to the Wesley Commons plan · 2024
Employer contribution per active participant$953
Median for plans this size$1,313
2024$953 per active participant
2023$836 per active participant
2022$936 per active participant

Wesley Commons's 2024 employer contribution ran below 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 · 20243
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$24,776
GREENWOOD CAPITAL ASSOCIATES, LLC · Investment advisory (plan)$17,899

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$48,347 · 0.51%
2023$52,034 · 0.63%
2022$51,551 · 0.64%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Family Health Centers, Inc. SC$10.4M · 0.27%
Palmetto Goodwill SC$10.2M · 0.68%
Fdh Holdings, LLC SC$9.8M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570524661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.