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Department of Labor filing

WORK SKILLS CORPORATION

403(B) THRIFT PLAN OF WORK SKILLS CORPORATION · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

19filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support
$171

Reported employer contributions per active participant.

Higher than about 4% of comparable plans
#People in the filing
395

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$95 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 53% of comparable plans
↗Investment performance
Not available

Plan assets changed 22.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202419out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions4th percentileTypical peer $2,620 · based on 595 comparable plans
Lower reported administrative expense53rd percentileTypical peer $101 · based on 590 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, WORK SKILLS CORPORATION reported $67,516 in employer contributions across the plan and 395 active participants. That works out to $171 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy82%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 376.7%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 22032.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context19/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$67,516
Participant contributions
$286,068
Other contributions
$35,050
Employer share of reported contributions
19.1%
Beginning assets
$3,345,933
Ending assets
$4,082,342
Ending net assets
$4,079,076
Ending liabilities
$3,266
Total income
$871,978
Total expenses
$138,835
Administrative expenses
$42,673
Participant loans
$42,423

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$36
2023
$141
2024
$171
Plan-paid administrative expenses per participant
2022
$0
2023
$2
2024
$95
Active participants
2022
1,710
2023
384
2024
395
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2024$1713954.1M20251014133535NAL0003044001001
2023$1413843.3M20241015145043NAL0056770018001
2022$361,7103M20231016174958NAL0052054320001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
1.0%
Independent accountant’s opinion
Disclaimer of opinion Code 3
Late participant contributions reported
Not stated in the filing
Public plan identifier
382025701-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Jan 1, 2009
Industry
Other services
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2G3D2J2K2T

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
AMERICAN CENTURY INVESTMENTS2022Not reportedunknown
AMERICAN FUNDS2022Not reportedunknown
CALVERT RESEARCH AND MANAGEMENT2022Not reportedunknown
DELAWARE FUNDS BY MACQUARIE2022Not reportedunknown
DWS2022Not reportedunknown
FIDELITY INVESTMENTS2022Not reportedunknown
GOLDMAN SACHS2022Not reportedunknown
INVESCO2022Not reportedunknown
MFS2022Not reportedunknown
MUTUAL OF AMERICA2022Not reportedunknown
NEUBERGER BERMAN2022Not reportedunknown
PIMCO2022Not reportedunknown
T. ROWE PRICE2022Not reportedunknown
VANGUARD2022Not reportedunknown
VICTORY CAPITAL MANAGEMENT INC.2022Not reportedunknown

Current plan terms

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Filing ACK_ID20251014133535NAL0003044001001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗