Plan Ledger DOL Form 5500 · updated monthly

Briarcrest Christian School System401(k)

BRIARCREST CHRISTIAN SCHOOL 401 (K) RETIREMENT PLAN AND TRUST · EADS, TN · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Briarcrest Christian School System reported $83,889 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,498 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 2 years on file its reported administrative ratio rose from 0.48% to 0.51%. 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 628th-largest of 1,496 plans among Tennessee employers on file, and 1,742nd of 3,091 in educational services. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,484,401
Participants with balances244
Active participants210
Employer contributions$524,539
Employee contributions$724,435
Employer contribution per active participant$2,498
Average account balance$67,559
Benefits paid to participants$3,417,481
Plan auditUnmodified (clean) audit opinion
AuditorFOUTS & MORGAN
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 244 accts · $525K emplr
2023$16.4M · 232 accts · $476K emplr
2022$14.4M · 233 accts · $484K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,644
Investment management$32,245
Total administrative$83,889
The Briarcrest Christian School System 401(k) match · 2024
Employer contribution per active participant$2,498
Median for plans this size$2,416
2024$2,498 per active participant
2023$2,225 per active participant
2022$2,326 per active participant

Briarcrest Christian School System's 2024 employer contribution ran above 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
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$4,959
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
LPL FINANCIAL LLC-RPCP · Investment advisory (participants)$32,245
FORUM SIX FINANCIAL · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$83,889 · 0.51%
2023$78,344 · 0.51%
2022$74,526 · 0.48%
Same employer
Similar plansEducational Services · Tennessee
Fisk University TN$18.0M · 0.08%
Harding Academy TN$16.6M · 0.29%
Tennessee Wesleyan College TN$14.8M · 0.10%
Presbyterian Day School TN$14.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620894165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.