Plan Ledger DOL Form 5500 · updated monthly

Canterbury School403(b)

CANTERBURY SCHOOL RETIREMENT PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Canterbury School reported $67,946 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,545 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 0.27% to 0.29%. 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 500th-largest of 1,562 plans among Indiana employers on file, and the 1,460th of 3,091 in educational services. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has shrunk from 297 to 200 since 2022.

Plan summary
Net assets, end of year$23,802,214
Participants with balances157
Active participants200
Employer contributions$308,960
Employee contributions$655,291
Employer contribution per active participant$1,545
Average account balance$151,606
Benefits paid to participants$2,680,026
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 157 accts · $309K emplr
2023$23.1M · 154 accts · $314K emplr
2022$20.7M · 146 accts · $306K emplr
Administrative expenses, itemized · 2024
Investment management$34,493
Total administrative$67,946
Employer contributions to the Canterbury School plan · 2024
Employer contribution per active participant$1,545
Median for plans this size$2,416
2024$1,545 per active participant
2023$1,069 per active participant
2022$1,031 per active participant

Canterbury School'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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$900

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

Administrative cost history3
2024$67,946 · 0.29%
2023$63,423 · 0.29%
2022$56,152 · 0.27%
Similar plansEducational Services · Indiana
Project Lead the Way Inc. IN$40.9M · 0.01%
Saint Joseph's College IN$30.1M · 0.00%
Grace Schools IN$21.4M · 0.36%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 351410931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.