Plan Ledger DOL Form 5500 · updated monthly

British School of America401(k)

BRITISH SCHOOL OF WASHINGTON 401(K) PROFIT SHARING PLAN & TRU · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

British School of America reported $53,426 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $898 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 rose from 0.15% to 0.19%. 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 794th-largest of 3,644 plans among Florida employers on file, and the 1,266th of 3,091 in educational services. In 2024, employees put in $3.14 for every $1.00 the employer contributed; active participation has grown from 595 to 925 since 2021.

Plan summary
Net assets, end of year$31,106,751
Participants with balances799
Active participants925
Employer contributions$830,894
Employee contributions$2,612,281
Employer contribution per active participant$898
Average account balance$38,932
Benefits paid to participants$2,376,745
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history4
Yearassets · accounts · employer contribution
2024$31.1M · 799 accts · $831K emplr
2023$25.8M · 648 accts · $631K emplr
2022$21.2M · 573 accts · $566K emplr
2021$25.0M · 537 accts · $533K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,257
Investment management$44,169
Total administrative$53,426
The British School of America 401(k) match · 2024
Employer contribution per active participant$898
Median for plans this size$2,416
2024$898 per active participant
2023$709 per active participant
2022$1,018 per active participant
2021$896 per active participant

British School of America'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$44,169
ADP, INC. · Loan processing · Recordkeeping$8,732
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history4
2024$53,426 · 0.19%
2023$42,457 · 0.18%
2022$36,003 · 0.16%
2021$34,128 · 0.15%
Same employer
Similar plansEducational Services · Florida
Avenues New York, LLC FL$34.3M · 0.32%
Bisk Education, Inc. FL$30.0M · 0.11%
Community School of Naples FL$28.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522106775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.