Carolina Friends School403(b)
CAROLINA FRIENDS SCHOOL DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN · DURHAM, NC · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Carolina Friends School reported $25,426 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,000 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 fell from 0.12% to 0.11%. 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 660th-largest of 2,005 plans among North Carolina employers on file, and the 1,458th of 3,091 in educational services. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 121 to 137 since 2022.
Carolina Friends School's 2024 employer contribution ran above 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 560812560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.