Plan Ledger DOL Form 5500 · updated monthly

Berea College403(b)

BEREA COLLEGE RETIREMENT PLAN · BEREA, KY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Berea College reported $183,777 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,317 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 0.08% to 0.11%. 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 55th-largest of 871 plans among Kentucky employers on file, and the 329th of 3,091 in educational services. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$168,188,487
Participants with balances1,519
Active participants741
Employer contributions$3,198,997
Employee contributions$3,552,571
Employer contribution per active participant$4,317
Average account balance$110,723
Benefits paid to participants$10,802,132
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$168.2M · 1,519 accts · $3.2M emplr
2023$158.3M · 1,567 accts · $2.9M emplr
2022$140.2M · 1,600 accts · $3.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,647
Investment management$75,817
Audit (IQPA)$17,313
Total administrative$183,777
Employer contributions to the Berea College plan · 2024
Employer contribution per active participant$4,317
Median for plans this size$3,635
2024$4,317 per active participant
2023$3,965 per active participant
2022$4,274 per active participant

Berea 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 · 20243
TIAA · Recordkeeping · Pension consulting$99,108
PLANPILOT, LLC · Consulting$67,352
FORVIS MAZARS, LLP · Accounting / audit$17,313

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$183,777 · 0.11%
2023$181,082 · 0.12%
2022$119,506 · 0.08%
Same employer
Similar plansEducational Services · Kentucky
Law School Admission Council PA$171.6M · 0.04%
Arcadia University PA$170.9M · 0.00%
Regis University CO$168.7M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610444650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.