Plan Ledger DOL Form 5500 · updated monthly

Woods Services, Inc.403(b)

WOODS SERVICES, INC. 403(B) PLAN · LANGHORNE, PA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Woods Services, Inc. reported $105,918 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,487 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 0.214%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 744th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,771st of 11,911 in health care & social assistance. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,304,311
Participants with balances1,697
Active participants1,764
Employer contributions$2,623,929
Employee contributions$5,586,320
Employer contribution per active participant$1,487
Average account balance$31,411
Benefits paid to participants$6,542,124
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.3M · 1,697 accts · $2.6M emplr
2023$45.6M · 1,847 accts · $2.5M emplr
2022$37.7M · 1,763 accts · $3.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,918
Total administrative$105,918
Employer contributions to the Woods Services, Inc. plan · 2024
Employer contribution per active participant$1,487
Median for plans this size$2,416
2024$1,487 per active participant
2023$1,334 per active participant
2022$1,816 per active participant

Woods Services, Inc.'s 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$105,918

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$105,918 · 0.21%
2023$81,053 · 0.19%
2022$82,990 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Kencrest Services, Inc. PA$54.8M · 0.54%
Glen Mills Schools PA$54.1M · 0.15%
Guardian Healthcare PA$50.7M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231322002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.