Samaritan's Purse 401(k) Review & Grade
Samaritan's Purse 401(k) Retirement Plan
Boone, NCOther Services2,252 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,101Employer $ per active participant
$3,937Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$180.6MNet plan assets, end of year
$87,649Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 59th |
| Employee saving | 67th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Samaritan's Purse put in about $4,101 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $9,232,292 |
| Participant (employee) contributions | $8,863,864 |
| Other contributions (incl. rollovers in) | $2,196,359 |
| Administrative expenses paid from the plan | $286,557 |
| Contract administrator fees | $286,557 |
| Benefits paid out | $11,404,792 |
| Net assets, start / end of year | $153.9M / $180.6M |
| Active participants, start / end of year | 2,282 / 2,221 |
| Participants with account balances | 2,060 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $286,557 reported compensation |
| Kestra Investment Services LLC | $63,940 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812090404NAL0007107891001, received 2025-08-12, EIN 58-1437002, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.