Plan Ledger DOL Form 5500 · updated monthly

Clark University403(b)

CLARK UNIVERSITY RETIREMENT PLAN · WORCESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Clark University reported $224,271 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $6,269 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 0.05% to 0.06%. 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 148th-largest of 2,726 plans among Massachusetts employers on file, and the 147th of 3,091 in educational services. In 2024, employees put in $1.05 for every $1.00 the employer contributed; active participation has grown from 697 to 854 since 2022.

Plan summary
Net assets, end of year$377,645,196
Participants with balances1,771
Active participants854
Employer contributions$5,353,529
Employee contributions$5,594,774
Employer contribution per active participant$6,269
Average account balance$213,238
Benefits paid to participants$28,021,738
Plan auditUnmodified (clean) audit opinion
AuditorSTOWE AND DEGON, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$377.6M · 1,771 accts · $5.4M emplr
2023$351.0M · 1,759 accts · $5.1M emplr
2022$309.3M · 1,730 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$145,990
Investment management$77,819
Total administrative$224,271
Employer contributions to the Clark University plan · 2024
Employer contribution per active participant$6,269
Median for plans this size$4,294
2024$6,269 per active participant
2023$7,256 per active participant
2022$7,044 per active participant

Clark University'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 · Recordkeeping · Pension consulting$102,720
FIDUCIENT ADVISORS, LLC · Investment advisory (plan)$75,154
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,270

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

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$224,271 · 0.06%
2023$196,985 · 0.06%
2022$186,938 · 0.05%
Same employer
Similar plansEducational Services · Massachusetts
Bentley University MA$500.5M · 0.06%
Wgbh Educational Foundation MA$361.3M · 0.09%
Trustees of Phillips Academy MA$349.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042111203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.