Plan Ledger DOL Form 5500 · updated monthly

College of the Atlantic403(b)

COLLEGE OF THE ATLANTIC DC RETIREMENT PLAN · BAR HARBOR, ME · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

College of the Atlantic reported $42,264 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,129 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 0.08% to 0.12%. 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 87th-largest of 354 plans among Maine employers on file, and the 1,143rd of 3,091 in educational services. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has shrunk from 187 to 108 since 2022.

Plan summary
Net assets, end of year$36,344,985
Participants with balances239
Active participants108
Employer contributions$553,915
Employee contributions$656,703
Employer contribution per active participant$5,129
Average account balance$152,071
Benefits paid to participants$3,957,343
Plan auditUnmodified (clean) audit opinion
AuditorLAUREN COREY CONSULTING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$36.3M · 239 accts · $554K emplr
2023$34.2M · 232 accts · $508K emplr
2022$30.1M · 237 accts · $377K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,033
Investment management$231
Total administrative$42,264
Employer contributions to the College of the Atlantic plan · 2024
Employer contribution per active participant$5,129
Median for plans this size$2,416
2024$5,129 per active participant
2023$4,835 per active participant
2022$2,014 per active participant

College of the Atlantic's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
LAUREN COREY CONSULTING, LLC · Accounting / audit$14,283
BAKER TILLEY US, LLP · Investment advisory (plan)$8,583

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$42,264 · 0.12%
2023$36,941 · 0.11%
2022$26,839 · 0.08%
Same employer
Similar plansEducational Services · Maine
University of New England ME$248.8M · 0.04%
Husson University ME$67.0M · 0.17%
Berwick Academy ME$36.4M · 0.12%
Thomas College ME$23.1M · 0.16%
Unity College ME$20.4M · 0.09%
Gould Academy ME$17.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237032625 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.