What are the fees in the World Gospel Mission Profit-sharing plan plan?

For plan year 2022, World Gospel Mission reported $245,807 in plan administrative expenses, or 1.06% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

How much does World Gospel Mission contribute to its Profit-sharing plan?

In 2022, employer contributions to the World Gospel Mission plan averaged $3,500 per active participant, above the $2,266 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the World Gospel Mission 401(k)?

The average participant account balance was $61,759 for plan year 2022, based on 335 accounts.

World Gospel MissionProfit-sharing plan

Name: World Gospel Mission 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

WORLD GOSPEL MISSION RETIREMENT PLAN AND TRUST · MARION, IN · plan year 2022

Reported admin expense ratio · 2022

1.06%

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

World Gospel Mission reported $245,807 in plan administrative expenses for 2022: 1.06% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,500 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other other services employers. By assets it is the 555th-largest of 1,562 plans among Indiana employers on file, and the 1,031st of 3,341 in other services. In 2022, the employer put in $41.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$20,689,413
Participants with balances335
Active participants202
Employer contributions$706,951
Employee contributions$17,196
Employer contribution per active participant$3,500
Average account balance$61,759
Benefits paid to participants$1,931,941
Plan auditUnmodified (clean) audit opinion
AuditorCAPIN CROUSE LLP

Plan history2

Yearassets · accounts · employer contribution

2023$0

2022$20.7M · 335 accts · $707K emplr

Administrative expenses, itemized · 2022

Investment management$214,580

Professional / advisory$15,701

Total administrative$245,807

Employer contributions to the World Gospel Mission plan · 2022

Employer contribution per active participant$3,500

Median for plans this size$2,266

World Gospel Mission's 2022 employer contribution ran above the $2,266 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2

2023Not separately reported

2022$245,807 · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350911947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.