Plan Ledger DOL Form 5500 · updated monthly

Boyd Buchanan School401(k)

BOYD BUCHANAN SCHOOL 401K SAVINGS PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Boyd Buchanan School reported $42,757 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $1,314 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 0.61% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Tennessee (880th of 1,496), and 2,192nd of 3,091 in educational services. In 2024, employees put in $1.10 for every $1.00 the employer contributed; active participation has grown from 217 to 258 since 2022.

Plan summary
Net assets, end of year$8,954,981
Participants with balances170
Active participants258
Employer contributions$339,118
Employee contributions$372,142
Employer contribution per active participant$1,314
Average account balance$52,676
Benefits paid to participants$420,271
Plan auditUnmodified (clean) audit opinion
AuditorJHM CERTIFIED PUBLIC ACCOUNTANTS
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 170 accts · $339K emplr
2023$7.6M · 162 accts · $332K emplr
2022$6.6M · 157 accts · $295K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,819
Trustee / custodial$2,938
Total administrative$42,757
The Boyd Buchanan School 401(k) match · 2024
Employer contribution per active participant$1,314
Median for plans this size$1,313
2024$1,314 per active participant
2023$1,591 per active participant
2022$1,360 per active participant

Boyd Buchanan School's 2024 employer contribution ran above the $1,313 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 · 20243
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$13,284
SYNOVUS TRUST COMPANY N.A. · Investment advisory (participants) · Investment advisory (plan)$26,535
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$2,938

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,757 · 0.52%
2023$39,457 · 0.56%
2022$37,386 · 0.61%
Similar plansEducational Services · Tennessee
Davidson Academy TN$9.5M · 0.09%
Bryan College TN$9.3M · 0.17%
Tm Rta Management, Inc. TN$7.2M · 2.46%
Jackson Christian School TN$6.9M · 0.59%
Columbia Academy, Inc. TN$6.9M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620518286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.