Plan Ledger DOL Form 5500 · updated monthly

Carthage College403(b)

CARTHAGE COLLEGE DEFINED CONTRIBUTION PLAN · KENOSHA, WI · plan year 2025

Reported admin expense ratio · 2025
0.09%

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

Carthage College reported $124,289 in plan administrative expenses for 2025: 0.09% of average plan assets, below the peer median. Employer contributions averaged $2,534 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 rose from 0.08% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 173rd-largest of 1,936 plans among Wisconsin employers on file, and the 369th of 3,091 in educational services. In 2025, employees put in $1.30 for every $1.00 the employer contributed; active participation has grown from 382 to 525 since 2022.

Plan summary
Net assets, end of year$145,248,350
Participants with balances998
Active participants525
Employer contributions$1,330,307
Employee contributions$1,725,116
Employer contribution per active participant$2,534
Average account balance$145,539
Benefits paid to participants$9,003,213
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$145.2M · 998 accts · $1.3M emplr
2024$131.4M · 980 accts · $1.4M emplr
2023$123.2M · 958 accts · $1.3M emplr
2022$111.8M · 835 accts · $1.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$112,743
Investment management$9,878
Total administrative$124,289
Employer contributions to the Carthage College plan · 2025
Employer contribution per active participant$2,534
Median for plans this size$4,093
2025$2,534 per active participant
2024$2,649 per active participant
2023$2,725 per active participant
2022$2,814 per active participant

Carthage College's 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
GALLAGER BENEFIT SERVICES, INC.$75,129
TIAA-TEACHERS INSURANCE & ANNUITY · Other services$47,917

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

Administrative cost history4
2025$124,289 · 0.09%
2024$109,209 · 0.09%
2023$109,523 · 0.09%
2022$101,751 · 0.08%
Similar plansEducational Services · Wisconsin
Marquette University WI$926.0M · 0.04%
Herzing University, LTD WI$61.9M · 0.35%
Beloit College WI$60.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370661496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.