Plan Ledger DOL Form 5500 · updated monthly

Wheeler Mission Ministries, Inc.403(b)

WHEELER MISSION MINISTRIES, INC. 403(B) RETIREMENT PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Wheeler Mission Ministries, Inc. reported $46,380 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $1,745 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 3 years on file its reported administrative ratio has held roughly steady near 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Indiana (1,037th of 1,562), and 1,980th of 3,341 in other services. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,210,397
Participants with balances197
Active participants196
Employer contributions$342,065
Employee contributions$338,385
Employer contribution per active participant$1,745
Average account balance$36,601
Benefits paid to participants$801,741
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 197 accts · $342K emplr
2023$6.8M · 187 accts · $356K emplr
2022$4.8M · 170 accts · $299K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,380
Total administrative$46,380
Employer contributions to the Wheeler Mission Ministries, Inc. plan · 2024
Employer contribution per active participant$1,745
Median for plans this size$1,313
2024$1,745 per active participant
2023$1,874 per active participant
2022$1,580 per active participant

Wheeler Mission Ministries, Inc.'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$46,380
MORGAN STANLEY · Other servicesindirect comp

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$46,380 · 0.66%
2023$38,599 · 0.67%
2022$32,715 · 0.69%
Same employer
Similar plansOther Services · Indiana
Thermo King Midwest, Inc. IN$7.8M · 0.39%
Denison Parking, Inc. IN$7.7M · 0.37%
Pathfinder Services, Inc. IN$7.2M · 1.00%
USA Football IN$6.9M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350888771 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.