Plan Ledger DOL Form 5500 · updated monthly

Alderson Broaddus University403(b)

ALDERSON BROADDUS UNIVERSITY 403(B) DC PLAN · PHILIPPI, WV · plan year 2022

Reported admin expense ratio · 2022
0.09%

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

Alderson Broaddus University reported $24,517 in plan administrative expenses for 2022: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,024 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 educational services employers. By assets it is the 72nd-largest of 265 plans among West Virginia employers on file, and the 1,467th of 3,091 in educational services. In 2022, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,536,819
Participants with balances443
Active participants284
Employer contributions$290,795
Employee contributions$464,864
Employer contribution per active participant$1,024
Average account balance$53,131
Benefits paid to participants$2,385,187
Plan auditDisclaimer of opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $381 emplr
2022$23.5M · 443 accts · $291K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$24,517
Total administrative$24,517
Employer contributions to the Alderson Broaddus University plan · 2022
Employer contribution per active participant$1,024
Median for plans this size$2,266

Alderson Broaddus University's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$24,517 · 0.09%
Similar plansEducational Services · West Virginia
Wheeling University WV$45.5M · 0.15%
Bethany College WV$32.6M · 0.04%
Davis & Elkins College WV$25.0M · 0.11%
Linsly School, Inc. WV$17.7M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550357072 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.