Plan Ledger DOL Form 5500 · updated monthly

Brenau University403(b)

BRENAU UNIVERSITY 403(B) DEFINED CONTRIBUTION PLAN · GAINESVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Brenau University reported $245,767 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,019 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 0.27% to 0.38%. 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 370th-largest of 2,160 plans among Georgia employers on file, and the 729th of 3,091 in educational services. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$67,485,301
Participants with balances722
Active participants369
Employer contributions$1,113,876
Employee contributions$1,915,112
Employer contribution per active participant$3,019
Average account balance$93,470
Benefits paid to participants$6,327,858
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS AND INGRAM LLC
Plan history3
Yearassets · accounts · employer contribution
2024$67.5M · 722 accts · $1.1M emplr
2023$63.2M · 691 accts · $1.1M emplr
2022$56.4M · 676 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$245,767
Total administrative$245,767
Employer contributions to the Brenau University plan · 2024
Employer contribution per active participant$3,019
Median for plans this size$3,635
2024$3,019 per active participant
2023$3,121 per active participant
2022$3,134 per active participant

Brenau University's 2024 employer contribution ran below the $3,635 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
TIAA · Recordkeeping · Pension consulting$118,720
CANNON FINANCIAL STRATEGISTS, INC. · Investment advisory (participants) · Investment advisory (plan)$95,555
LINCOLN NATIONAL CORP · Contract administrator$25

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$245,767 · 0.38%
2023$185,876 · 0.31%
2022$160,474 · 0.27%
Same employer
Similar plansEducational Services · Georgia
Morehouse College GA$85.1M · 0.10%
Paideia School GA$80.6M · 0.07%
Pace Academy, Inc. GA$69.7M · 0.19%
Wesleyan School, Inc. GA$58.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580566143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.