Plan Ledger DOL Form 5500 · updated monthly

Achievement First, Inc.403(b)

ACHIEVEMENT FIRST, INC. 403(B) PLAN · NEW HAVEN, CT · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Achievement First, Inc. reported $545,880 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,379 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 0.58%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 193rd-largest of 1,106 plans among Connecticut employers on file, and the 536th of 3,091 in educational services. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$98,815,864
Participants with balances2,714
Active participants2,019
Employer contributions$2,784,421
Employee contributions$5,110,577
Employer contribution per active participant$1,379
Average account balance$36,410
Benefits paid to participants$8,841,154
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$98.8M · 2,714 accts · $2.8M emplr
2023$88.2M · 2,418 accts · $3.6M emplr
2022$80.4M · 2,394 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$431,880
Investment management$56,250
Audit (IQPA)$57,750
Total administrative$545,880
Employer contributions to the Achievement First, Inc. plan · 2024
Employer contribution per active participant$1,379
Median for plans this size$3,635
2024$1,379 per active participant
2023$1,905 per active participant
2022$888 per active participant

Achievement First, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$401,412
COHN REZNICK, LLP · Accounting / audit$57,750
MAGII PENSION SERVICES, LLC · Consulting$56,250
VARIABLE ANNUITY LIFE INSURANCE CO. · Loan processing · Investment advisory (participants)$30,468
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
OSAIC WEALTH, INC. · Consulting · Insurance servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$545,880 · 0.58%
2023$456,917 · 0.54%
2022$427,213 · 0.56%
Same employer
Similar plansEducational Services · Connecticut
Loomis Chaffee School CT$126.4M · 0.02%
The Taft School CT$120.9M · 0.09%
Aifs, Inc. CT$106.9M · 0.11%
Hopkins School CT$90.7M · 0.02%
Kent School Corporation CT$74.7M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651203744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.