Plan Ledger DOL Form 5500 · updated monthly

Bosque School403(b)

BOSQUE SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Bosque School reported $55,105 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,238 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 0.34% to 0.50%. 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 126th-largest of 290 plans among New Mexico employers on file, and 1,977th of 3,091 in educational services. In 2024, employees put in $1.01 for every $1.00 the employer contributed; active participation has shrunk from 97 to 85 since 2022.

Plan summary
Net assets, end of year$11,815,464
Participants with balances128
Active participants85
Employer contributions$275,196
Employee contributions$277,989
Employer contribution per active participant$3,238
Average account balance$92,308
Benefits paid to participants$505,915
Plan auditUnmodified (clean) audit opinion
AuditorLOFTIS & LOVATOS GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 128 accts · $275K emplr
2023$10.4M · 120 accts · $229K emplr
2022$8.7M · 163 accts · $219K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,968
Investment management$10,000
Trustee / custodial$443
Total administrative$55,105
Employer contributions to the Bosque School plan · 2024
Employer contribution per active participant$3,238
Median for plans this size$2,416
2024$3,238 per active participant
2023$2,227 per active participant
2022$2,258 per active participant

Bosque School's 2024 employer contribution ran above the $2,416 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
BOKF, NA · Custodial (securities) · Trustee$52,456

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$55,105 · 0.50%
2023$36,610 · 0.38%
2022$32,610 · 0.34%
Similar plansEducational Services · New Mexico
Santa Fe Preparatory School NM$17.6M · 0.23%
Manzano Day School NM$12.7M · 0.31%
Santa Fe Institute NM$12.3M · 0.00%
Navajo Technical University NM$11.4M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850420092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.