Plan Ledger DOL Form 5500 · updated monthly

Babcock Neighborhood School, Inc.401(k)

BABCOCK NEIGHBORHOOD SCHOOL 401(K) PLAN · BABCOCK RANCH, FL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Babcock Neighborhood School, Inc. reported $9,885 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,267 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 1 year on file its reported administrative ratio fell from 1.17% to 0.64%. 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 Florida (3,150th of 3,644), and 2,880th of 3,091 in educational services. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,840,957
Participants with balances198
Active participants138
Employer contributions$174,802
Employee contributions$390,770
Employer contribution per active participant$1,267
Average account balance$9,298
Benefits paid to participants$131,229
Plan auditUnmodified (clean) audit opinion
AuditorKELLY PARTNERS FRS ATTEST SERV, LLP
Plan history2
Yearassets · accounts · employer contribution
2024$1.8M · 198 accts · $175K emplr
2023$1.2M · 155 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,700
Total administrative$9,885
The Babcock Neighborhood School, Inc. 401(k) match · 2024
Employer contribution per active participant$1,267
Median for plans this size$1,313
2024$1,267 per active participant
2023$973 per active participant

Babcock Neighborhood School, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$1,450
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$7,294

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 history2
2024$9,885 · 0.64%
2023$11,720 · 1.17%
Same employer
Similar plansEducational Services · Florida
Lake Mary Education LLC FL$2.1M · 0.47%
Kipp of Jacksonville FL$1.7M · 0.92%
Alexander School, Inc. FL$1.5M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371842600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.