Plan Ledger DOL Form 5500 · updated monthly

Butler University403(b)

BUTLER UNIVERSITY RETIREMENT PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Butler University reported $292,500 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $2,038 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 0.06% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 44th-largest of 1,562 plans among Indiana employers on file, and the 150th of 3,091 in educational services. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves; active participation has grown from 1,086 to 3,941 since 2022.

Plan summary
Net assets, end of year$373,421,837
Participants with balances2,164
Active participants3,941
Employer contributions$8,030,282
Employee contributions$7,465,850
Employer contribution per active participant$2,038
Average account balance$172,561
Benefits paid to participants$27,509,595
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$373.4M · 2,164 accts · $8.0M emplr
2023$343.1M · 2,148 accts · $7.3M emplr
2022$305.6M · 2,176 accts · $6.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$292,499
Audit (IQPA)$1
Total administrative$292,500
Employer contributions to the Butler University plan · 2024
Employer contribution per active participant$2,038
Median for plans this size$4,294
2024$2,038 per active participant
2023$2,212 per active participant
2022$6,133 per active participant

Butler University's 2024 employer contribution ran below the $4,294 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 · 20245
TIAA - TEACHERS INS & ANNUITY ASSOC · Recordkeeping$194,724
PLANPILOT, LLC · Investment advisory (plan)$36,851
PENTEGRA SERVICES, INC · Plan administrator$32,395
FORVIS MAZARS, LLP · Accounting / audit$31,180
LINCOLN NATIONAL CORPORATION · Contract administrator$50

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$292,500 · 0.08%
2023$221,991 · 0.07%
2022$194,189 · 0.06%
Same employer
Similar plansEducational Services · Indiana
Depauw University IN$251.6M · 0.08%
University of Evansville IN$193.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350867977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.