Plan Ledger DOL Form 5500 · updated monthly

Brevard College Corporation403(b)

BREVARD COLLEGE CORPORATION DEFINED CONTRIBUTION RETIREMENT PLAN · BREVARD, NC · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Brevard College Corporation reported $5,261 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $498 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 3 years on file its reported administrative ratio has held roughly steady near 0.028%. 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 747th-largest of 2,005 plans among North Carolina employers on file, and 1,607th of 3,091 in educational services. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,706,127
Participants with balances373
Active participants274
Employer contributions$136,513
Employee contributions$299,835
Employer contribution per active participant$498
Average account balance$52,831
Benefits paid to participants$1,846,192
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 373 accts · $137K emplr
2023$18.1M · 387 accts · $114K emplr
2022$17.1M · 403 accts · $75K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,261
Total administrative$5,261
Employer contributions to the Brevard College Corporation plan · 2024
Employer contribution per active participant$498
Median for plans this size$2,416
2024$498 per active participant
2023$410 per active participant
2022$264 per active participant

Brevard College Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
TIAA · Recordkeeping · Investment advisory (participants)$8,213

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$5,261 · 0.03%
2023$9,076 · 0.05%
2022$4,980 · 0.03%
Same employer
Similar plansEducational Services · North Carolina
William Peace University NC$22.7M · 0.27%
Proctoru Inc dba Proctoru NC$22.2M · 0.46%
Measurement Incorporated NC$22.1M · 0.19%
Saint Marys School NC$20.4M · 0.02%
Lincoln Charter School NC$17.4M · 0.71%
Carolina Day School, Inc. NC$16.2M · 0.43%
Lees-McRae College, Inc. NC$15.6M · 0.00%
Louisburg College NC$15.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560532297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.