Plan Ledger DOL Form 5500 · updated monthly

Carnegie Library of Pittsburgh403(b)

CARNEGIE LIBRARY OF PITTSBURGH RETIREMENT SAVINGS PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Carnegie Library of Pittsburgh reported $33,890 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,394 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 0.00% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 633rd-largest of 3,651 plans among Pennsylvania employers on file, and the 410th of 2,199 in information & media. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has grown from 304 to 355 since 2022.

Plan summary
Net assets, end of year$68,907,123
Participants with balances756
Active participants355
Employer contributions$849,906
Employee contributions$1,154,136
Employer contribution per active participant$2,394
Average account balance$91,147
Benefits paid to participants$4,995,303
Plan auditUnmodified (clean) audit opinion
AuditorZELENKOFSKE AXELROD, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$68.9M · 756 accts · $850K emplr
2023$64.1M · 749 accts · $793K emplr
2022$58.2M · 739 accts · $755K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,890
Total administrative$33,890
Employer contributions to the Carnegie Library of Pittsburgh plan · 2024
Employer contribution per active participant$2,394
Median for plans this size$3,635
2024$2,394 per active participant
2023$2,409 per active participant
2022$2,482 per active participant

Carnegie Library of Pittsburgh'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.

Administrative cost history3
2024$33,890 · 0.05%
2023$24,773 · 0.04%
2022$500 · 0.00%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 250965281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.