Plan Ledger DOL Form 5500 · updated monthly

Annapolis Area Christian School Association, Inc.403(b)

RETIREMENT PLAN FOR FACULTY AND ADMINISTRATORS OF ANNAPOLIS AREA · SEVERN, MD · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Annapolis Area Christian School Association, Inc. reported $32,334 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $215 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 0.03% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Maryland (1,087th of 1,671), and 2,260th of 3,091 in educational services. In 2024, employees put in $4.49 for every $1.00 the employer contributed; active participation has grown from 273 to 323 since 2022.

Plan summary
Net assets, end of year$7,981,663
Participants with balances105
Active participants323
Employer contributions$69,582
Employee contributions$312,461
Employer contribution per active participant$215
Average account balance$76,016
Benefits paid to participants$363,468
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN SONDBERG WIMBISH & STONE
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 105 accts · $70K emplr
2023$7.1M · 145 accts · $70K emplr
2022$6.2M · 151 accts · $33K emplr
Employer contributions to the Annapolis Area Christian School Association, Inc. plan · 2024
Employer contribution per active participant$215
Median for plans this size$1,313
2024$215 per active participant
2023$245 per active participant
2022$120 per active participant

Annapolis Area Christian School Association, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
AMERICAN TRUST COMPANY$32,334

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$32,334 · 0.43%
2023$9,458 · 0.14%
2022$1,875 · 0.03%
Similar plansEducational Services · Maryland
The Children's Guild, Inc MD$10.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520936379 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.