Plan Ledger DOL Form 5500 · updated monthly

Carlow University403(b)

CARLOW UNIVERSITY DEFINED CONTRIBUTION PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Carlow University reported $32,140 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,838 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 0.059%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 721st-largest of 3,651 plans among Pennsylvania employers on file, and the 843rd of 3,091 in educational services. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$56,137,380
Participants with balances680
Active participants369
Employer contributions$1,047,165
Employee contributions$1,816,679
Employer contribution per active participant$2,838
Average account balance$82,555
Benefits paid to participants$6,274,102
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.1M · 680 accts · $1.0M emplr
2023$53.5M · 669 accts · $1.0M emplr
2022$49.2M · 652 accts · $927K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,140
Total administrative$32,140
Employer contributions to the Carlow University plan · 2024
Employer contribution per active participant$2,838
Median for plans this size$3,635
2024$2,838 per active participant
2023$2,800 per active participant
2022$2,751 per active participant

Carlow University's 2024 employer contribution ran below the $3,635 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
GLOBAL RETIREMENT PARTNERS, LLC · Consulting · Investment advisory (participants)$30,000
TIAA$750

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$32,140 · 0.06%
2023$31,619 · 0.06%
2022$32,500 · 0.06%
Same employer
Similar plansEducational Services · Pennsylvania
Waynesburg University PA$59.1M · 0.04%
The Episcopal Academy PA$58.3M · 0.05%
The Agnes Irwin School PA$57.6M · 0.06%
Shipley School PA$52.6M · 0.04%
Cedar Crest College PA$52.5M · 0.17%
Pf I Carrus Services, LLC PA$52.1M · 0.28%
Wyoming Seminary PA$50.7M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250965438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.