Plan Ledger DOL Form 5500 · updated monthly

Blair Academy403(b)

BLAIR ACADEMY DC RETIREMENT PLAN · BLAIRSTOWN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Blair Academy reported $123,060 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $7,130 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 0.16%. 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 423rd-largest of 2,419 plans among New Jersey employers on file, and the 660th of 3,091 in educational services. In 2024, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$78,338,366
Participants with balances419
Active participants155
Employer contributions$1,105,166
Employee contributions$1,261,053
Employer contribution per active participant$7,130
Average account balance$186,965
Benefits paid to participants$5,627,801
Plan auditUnmodified (clean) audit opinion
AuditorTAIT, WELLER & BAKER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$78.3M · 419 accts · $1.1M emplr
2023$71.4M · 423 accts · $1.0M emplr
2022$62.2M · 429 accts · $981K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,060
Total administrative$123,060
Employer contributions to the Blair Academy plan · 2024
Employer contribution per active participant$7,130
Median for plans this size$3,635
2024$7,130 per active participant
2023$6,681 per active participant
2022$6,247 per active participant

Blair Academy's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20244
TIAA$86,534
THE KELLEY FINANCIAL GROUP$20,250
ONEDIGITAL INVESTMENT ADVISORS$9,000
TAIT, WELLER & BAKER LLP$7,350

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$123,060 · 0.16%
2023$57,236 · 0.09%
2022$55,576 · 0.08%
Same employer
Similar plansEducational Services · New Jersey
Dwight-Englewood School NJ$90.2M · 0.06%
The Peddie School NJ$87.8M · 0.04%
The Pingry Corporation NJ$80.7M · 0.02%
Kent Place School NJ$79.3M · 0.04%
Saint Peter's University NJ$76.0M · 0.02%
Berlitz Corporation NJ$74.8M · 0.05%
Georgian Court University NJ$74.3M · 0.08%
Kumon North America, Inc. NJ$69.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221500475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.