Plan Ledger DOL Form 5500 · updated monthly

Beloit College403(b)

BELOIT COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN · BELOIT, WI · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Beloit College reported $29,164 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,786 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 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 358th-largest of 1,936 plans among Wisconsin employers on file, and the 801st of 3,091 in educational services. In 2024, the employer put in $2.35 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$60,548,744
Participants with balances719
Active participants230
Employer contributions$870,714
Employee contributions$370,351
Employer contribution per active participant$3,786
Average account balance$84,212
Benefits paid to participants$7,732,222
Plan auditDisclaimer of opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$60.5M · 719 accts · $871K emplr
2023$59.1M · 733 accts · $893K emplr
2022$53.4M · 753 accts · $886K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,164
Total administrative$29,164
Employer contributions to the Beloit College plan · 2024
Employer contribution per active participant$3,786
Median for plans this size$3,635
2024$3,786 per active participant
2023$3,647 per active participant
2022$3,474 per active participant

Beloit College's 2024 employer contribution ran above the $3,635 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 · 20241
TIAA · Contract administrator$29,164

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$29,164 · 0.05%
2023$22,374 · 0.04%
2022$20,684 · 0.03%
All plans at this employer2
BELOIT COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN403(b)
RETIREMENT PLAN FOR CLASSIFIED EMPLOYEES OF BOARD OF TRUSTEES OF BELOIT COLLEGEMoney purchase plan
Same employer
Similar plansEducational Services · Wisconsin
Carthage College WI$145.2M · 0.09%
Herzing University, LTD WI$61.9M · 0.35%
Lakeland University WI$57.3M · 0.05%
The Prairie School WI$32.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390808497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.