Plan Ledger DOL Form 5500 · updated monthly

Clarke University403(b)

CLARKE UNIVERSITY RETIREMENT PLAN · DUBUQUE, IA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Clarke University reported $66,035 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,508 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 0.19% to 0.17%. 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 233rd-largest of 878 plans among Iowa employers on file, and the 1,074th of 3,091 in educational services. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,407,564
Participants with balances485
Active participants189
Employer contributions$474,056
Employee contributions$709,039
Employer contribution per active participant$2,508
Average account balance$83,315
Benefits paid to participants$2,487,168
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.4M · 485 accts · $474K emplr
2023$37.2M · 489 accts · $443K emplr
2022$34.1M · 495 accts · $471K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,939
Total administrative$66,035
Employer contributions to the Clarke University plan · 2024
Employer contribution per active participant$2,508
Median for plans this size$2,416
2024$2,508 per active participant
2023$2,383 per active participant
2022$2,532 per active participant

Clarke University'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.

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 · 20244
TWO WEST CAPITAL ADVISORS · Custodial (securities)$25,733
TIAA TEACHERS INSURANCE & ANNUITY A · Custodial (securities)$19,385
PENTEGRA SERVICES, INC.$14,072
COULTER & JUSTICE · Accounting / audit$6,750

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$66,035 · 0.17%
2023$59,107 · 0.17%
2022$69,965 · 0.19%
Same employer
Similar plansEducational Services · Iowa
Northwestern College IA$53.0M · 0.26%
Upper Iowa University IA$48.8M · 0.03%
Briar Cliff University IA$28.6M · 0.14%
William Penn University IA$28.2M · 0.21%
Mount Mercy University IA$26.9M · 0.36%
Act Education Corp. IA$25.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420680408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.