Plan Ledger DOL Form 5500 · updated monthly

Bethany College403(b)

BETHANY COLLEGE 403(B) DC PLAN · BETHANY, WV · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Bethany College reported $12,808 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $872 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 0.042% to 0.039%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 58th-largest of 265 plans among West Virginia employers on file, and the 1,222nd of 3,091 in educational services. In 2024, employees put in $2.98 for every $1.00 the employer contributed; active participation has shrunk from 195 to 105 since 2022.

Plan summary
Net assets, end of year$32,599,252
Participants with balances300
Active participants105
Employer contributions$91,584
Employee contributions$273,012
Employer contribution per active participant$872
Average account balance$108,664
Benefits paid to participants$3,359,089
Plan auditUnmodified (clean) audit opinion
AuditorBRADY WARE
Plan history3
Yearassets · accounts · employer contribution
2024$32.6M · 300 accts · $92K emplr
2023$32.6M · 303 accts · $82K emplr
2022$30.3M · 346 accts · $30K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,808
Total administrative$12,808
Employer contributions to the Bethany College plan · 2024
Employer contribution per active participant$872
Median for plans this size$2,416
2024$872 per active participant
2023$653 per active participant
2022$153 per active participant

Bethany College's 2024 employer contribution ran below the $2,416 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 · 20241
TEACHERS INSURANCE AND ANNUITY ASC$10,367

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$12,808 · 0.04%
2023$12,183 · 0.04%
2022$12,412 · 0.04%
Similar plansEducational Services · West Virginia
University of Charleston WV$50.8M · 0.00%
Wheeling University WV$45.5M · 0.15%
Davis & Elkins College WV$25.0M · 0.11%
Linsly School, Inc. WV$17.7M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550356985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.