Plan Ledger DOL Form 5500 · updated monthly

Alabama Christian Academy403(b)

ALABAMA CHRISTIAN ACADEMY 403(B) DC PLAN · MONTGOMERY, AL · plan year 2023

Reported admin expense ratio · 2023
0.36%

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

Alabama Christian Academy reported $29,931 in plan administrative expenses for 2023: 0.36% of average plan assets, below the peer median. Employer contributions averaged $400 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 2 years on file its reported administrative ratio rose from 0.34% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Alabama (497th of 902), and 2,207th of 3,091 in educational services. In 2023, employees put in $5.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,751,757
Participants with balances121
Active participants89
Employer contributions$35,563
Employee contributions$185,881
Employer contribution per active participant$400
Average account balance$72,329
Benefits paid to participants$246,522
Plan auditDisclaimer of opinion
AuditorALDRIDGE, BORDEN & COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 144 accts · $95K emplr
2023$8.8M · 121 accts · $36K emplr
2022$7.7M · 120 accts · $33K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,931
Total administrative$29,931
Employer contributions to the Alabama Christian Academy plan · 2023
Employer contribution per active participant$400
Median for plans this size$1,308
2024$996 per active participant
2023$400 per active participant
2022$411 per active participant

Alabama Christian Academy's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
CANNON FINANCIAL STRATEGISTS, INC$15,876
TIAA$14,091

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$32,781 · 0.39%
2023$29,931 · 0.36%
2022$27,576 · 0.34%
Similar plansEducational Services · Alabama
Saint James School AL$12.5M · 0.06%
Miles College AL$10.0M · 0.02%
Faith Academy of Mobile AL$7.7M · 0.03%
Tuscaloosa Academy AL$5.7M · 0.36%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 630854505 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.