Plan Ledger DOL Form 5500 · updated monthly

Carleton College403(b)

CARLETON COLLEGE DEFINED CONTRIBUTION PLAN · NORTHFIELD, MN · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Carleton College reported $265,476 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $7,322 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 has held roughly steady near 0.070%. 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 95th-largest of 1,918 plans among Minnesota employers on file, and the 138th of 3,091 in educational services. In 2024, the employer put in $1.32 for every $1.00 employees contributed themselves; active participation has grown from 819 to 930 since 2022.

Plan summary
Net assets, end of year$396,717,996
Participants with balances2,202
Active participants930
Employer contributions$6,809,234
Employee contributions$5,157,044
Employer contribution per active participant$7,322
Average account balance$180,163
Benefits paid to participants$21,602,527
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$396.7M · 2,202 accts · $6.8M emplr
2023$365.0M · 2,176 accts · $6.4M emplr
2022$321.0M · 2,153 accts · $6.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$265,476
Total administrative$265,476
Employer contributions to the Carleton College plan · 2024
Employer contribution per active participant$7,322
Median for plans this size$4,294
2024$7,322 per active participant
2023$7,064 per active participant
2022$7,462 per active participant

Carleton College's 2024 employer contribution ran above the $4,294 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 · 20243
TIAA · Investment management · Loan processing$198,802
MULTNOMAH GROUP, INC · Consulting$49,994
CLIFTONLARSONALLEN LLP · Accounting / audit$17,430

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$265,476 · 0.07%
2023$271,240 · 0.08%
2022$233,740 · 0.07%
Same employer
Similar plansEducational Services · Minnesota
University of St. Thomas MN$459.7M · 0.04%
Strategic Education, Inc. VA$416.5M · 0.03%
Xavier University OH$410.6M · 0.07%
Union College NY$407.4M · 0.03%
Providence College RI$393.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410694747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.