Plan Ledger DOL Form 5500 · updated monthly

American International College403(b)

AMERICAN INTERNATIONAL COLLEGE 403(B) DC PLAN · SPRINGFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

American International College reported $2,725 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $367 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 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 934th-largest of 2,726 plans among Massachusetts employers on file, and the 1,206th of 3,091 in educational services. In 2024, employees put in $10.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,498,972
Participants with balances529
Active participants240
Employer contributions$88,116
Employee contributions$924,204
Employer contribution per active participant$367
Average account balance$63,325
Benefits paid to participants$2,778,967
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$33.5M · 529 accts · $88K emplr
2023$31.0M · 544 accts · $546K emplr
2022$28.3M · 553 accts · $541K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,725
Total administrative$2,725
Employer contributions to the American International College plan · 2024
Employer contribution per active participant$367
Median for plans this size$2,416
2024$367 per active participant
2023$2,335 per active participant
2022$2,416 per active participant

American International College's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024$2,725 · 0.01%
2023Not separately reported
2022$304 · 0.00%
Similar plansEducational Services · Massachusetts
The Carroll School MA$34.9M · 0.10%
Fisher College MA$32.9M · 0.03%
Bancroft School MA$32.5M · 0.11%
Lighthouse School, Inc. MA$32.5M · 0.56%
Brookwood School MA$31.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.