Plan Ledger DOL Form 5500 · updated monthly

Berry College, Inc.403(b)

BERRY COLLEGE DEFINED CONTRIBUTION PLAN · MOUNT BERRY, GA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Berry College, Inc. reported $42,185 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,867 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 fell from 0.032% to 0.027%. 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 203rd-largest of 2,160 plans among Georgia employers on file, and the 338th of 3,091 in educational services. In 2024, the employer put in $1.99 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$162,597,445
Participants with balances1,070
Active participants679
Employer contributions$3,304,793
Employee contributions$1,662,420
Employer contribution per active participant$4,867
Average account balance$151,960
Benefits paid to participants$6,424,791
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$162.6M · 1,070 accts · $3.3M emplr
2023$145.8M · 1,053 accts · $3.1M emplr
2022$130.3M · 1,049 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,721
Investment management$4,464
Total administrative$42,185
Employer contributions to the Berry College, Inc. plan · 2024
Employer contribution per active participant$4,867
Median for plans this size$3,635
2024$4,867 per active participant
2023$4,788 per active participant
2022$4,748 per active participant

Berry College, Inc.'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-TEACHERS INSURANCE AND ANNUITY · Contract administrator · Investment advisory (participants)$42,185

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$42,185 · 0.03%
2023$34,106 · 0.02%
2022$44,569 · 0.03%
All plans at this employer2
BERRY COLLEGE DEFINED CONTRIBUTION PLAN403(b)
BERRY COLLEGE TAX-DEFERRED ANNUITY PLAN403(b)
Same employer
Similar plansEducational Services · Georgia
Morehouse School of Medicine GA$260.1M · 0.04%
Westminster Schools GA$181.3M · 0.10%
Woodward Academy, Inc. GA$133.9M · 0.14%
The Lovett School, Inc. GA$125.7M · 0.07%
Clark Atlanta University GA$120.2M · 0.05%
Spelman College GA$102.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580566133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.