Plan Ledger DOL Form 5500 · updated monthly

Beverly School for the Deaf403(b)

BEVERLY SCHOOL FOR THE DEAF DC RETIREMENT PLAN #327946 · BEVERLY, MA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Beverly School for the Deaf reported $25 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $909 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 0.000% to 0.000%. 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 among the smaller plans on file in Massachusetts (1,842nd of 2,726), and 2,055th of 3,091 in educational services. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 107 to 160 since 2022.

Plan summary
Net assets, end of year$10,700,539
Participants with balances155
Active participants160
Employer contributions$145,441
Employee contributions$256,324
Employer contribution per active participant$909
Average account balance$69,036
Benefits paid to participants$287,165
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 155 accts · $145K emplr
2023$9.5M · 157 accts · $117K emplr
2022$8.4M · 147 accts · $144K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25
Total administrative$25
Employer contributions to the Beverly School for the Deaf plan · 2024
Employer contribution per active participant$909
Median for plans this size$2,416
2024$909 per active participant
2023$890 per active participant
2022$1,344 per active participant

Beverly School for the Deaf'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.

Administrative cost history3
2024$25 · 0.00%
2023$25 · 0.00%
2022Not separately reported
Same employer
Similar plansEducational Services · Massachusetts
Little Sprouts, LLC MA$11.1M · 0.39%
Evergreen Center, Inc. MA$11.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.