Plan Ledger DOL Form 5500 · updated monthly

Bowdoin CollegeMoney purchase plan

BOWDOIN COLLEGE RETIREMENT PLAN · BRUNSWICK, ME · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Bowdoin College reported $32,217 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $11,851 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 0.03% to 0.01%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 16th-largest of 354 plans among Maine employers on file, and the 206th of 3,091 in educational services.

Plan summary
Net assets, end of year$276,874,581
Participants with balances1,867
Active participants928
Employer contributions$10,997,519
Employee contributions—
Employer contribution per active participant$11,851
Average account balance$148,299
Benefits paid to participants$21,681,312
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$276.9M · 1,867 accts · $11.0M emplr
2023$255.2M · 2,085 accts · $10.3M emplr
2022$222.8M · 1,956 accts · $9.6M emplr
Administrative expenses, itemized · 2024
Investment management$22,217
Audit (IQPA)$10,000
Total administrative$32,217
Employer contributions to the Bowdoin College plan · 2024
Employer contribution per active participant$11,851
Median for plans this size$4,294
2024$11,851 per active participant
2023$11,573 per active participant
2022$11,180 per active participant

Bowdoin College's 2024 employer contribution ran above the $4,294 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 · 20243
FIDUCIENT ADVISORS LLC · Consulting$22,217
BERRY DUNN MCNEIL & PARKER LLC · Accounting / audit$10,000

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$32,217 · 0.01%
2023$56,804 · 0.02%
2022$64,772 · 0.03%
Same employer
Similar plansEducational Services · Maine
Cable One, Inc. AZ$284.7M · 0.13%
University of Portland OR$280.0M · 0.05%
Macalester College MN$273.1M · 0.08%
Emerson College MA$270.8M · 0.11%
Anthology Inc. FL$270.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010215213 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.