Plan Ledger DOL Form 5500 · updated monthly

Westminster Village Muncie Inc.403(b)

WESTMINSTER VILLAGE MUNCIE INC 403B RETIREMENT PLAN · MUNCIE, IN · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Westminster Village Muncie Inc. reported $14,940 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $819 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 0.24% to 0.33%. 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 Indiana (1,195th of 1,562), and 8,054th of 11,911 in health care & social assistance. In 2024, employees put in $1.25 for every $1.00 the employer contributed; active participation has shrunk from 254 to 222 since 2022.

Plan summary
Net assets, end of year$4,743,356
Participants with balances219
Active participants222
Employer contributions$181,772
Employee contributions$226,478
Employer contribution per active participant$819
Average account balance$21,659
Benefits paid to participants$465,097
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 219 accts · $182K emplr
2023$4.3M · 224 accts · $172K emplr
2022$3.8M · 241 accts · $163K emplr
Employer contributions to the Westminster Village Muncie Inc. plan · 2024
Employer contribution per active participant$819
Median for plans this size$1,313
2024$819 per active participant
2023$729 per active participant
2022$642 per active participant

Westminster Village Muncie Inc.'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 · 20241
FIRST MERCHANTS TRUST CO · Recordkeeping · Investment advisory (plan)$14,940

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

Recordkeeper by year2
2024FIRST MERCHANTS TRUST CO
2023FIRST MERCHANTS TRUST CO

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$14,940 · 0.33%
2023$4,754 · 0.12%
2022$10,686 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Lifestream Services Inc IN$5.2M · 0.33%
Carey Services, Inc. IN$5.1M · 0.83%
Jobworks, Inc. IN$4.8M · 0.77%
Bierman Aba, Inc IN$4.7M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311002845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.