Plan Ledger DOL Form 5500 · updated monthly

Briar Cliff University403(b)

BRIAR CLIFF UNIVERSITY 403(B) DC PLAN · SIOUX CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Briar Cliff University reported $39,883 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $1,320 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 0.11% to 0.14%. 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 313th-largest of 878 plans among Iowa employers on file, and the 1,323rd of 3,091 in educational services. In 2024, employees put in $2.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,607,432
Participants with balances395
Active participants182
Employer contributions$240,284
Employee contributions$543,651
Employer contribution per active participant$1,320
Average account balance$72,424
Benefits paid to participants$2,986,176
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.6M · 395 accts · $240K emplr
2023$27.9M · 404 accts · $144K emplr
2022$26.9M · 416 accts · $195K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,817
Total administrative$39,883
Employer contributions to the Briar Cliff University plan · 2024
Employer contribution per active participant$1,320
Median for plans this size$2,416
2024$1,320 per active participant
2023$762 per active participant
2022$1,031 per active participant

Briar Cliff University's 2024 employer contribution ran below 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 · 20244
TIAA · Recordkeeping · Pension consulting$7,127
TWO WEST CAPITAL ADVISORS · Contract administrator$15,664
PENTEGRA SERVICES, INC. · Plan administrator · Consulting$11,292
COULTER & JUSTUS · Actuarial$5,800

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$39,883 · 0.14%
2023$17,629 · 0.06%
2022$31,701 · 0.11%
Same employer
Similar plansEducational Services · Iowa
Upper Iowa University IA$48.8M · 0.03%
Clarke University IA$40.4M · 0.17%
William Penn University IA$28.2M · 0.21%
Mount Mercy University IA$26.9M · 0.36%
Act Education Corp. IA$25.7M · 0.02%
Grand View University IA$20.3M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420707124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.