Plan Ledger DOL Form 5500 · updated monthly

Corporation of St Timothy's School403(b)

ST. TIMOTHYS SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · STEVENSON, MD · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Corporation of St Timothy's School reported $1,881 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,358 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 has held roughly steady near 0.015%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Maryland (868th of 1,671), and 1,942nd of 3,091 in educational services. In 2023, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,500,898
Participants with balances187
Active participants53
Employer contributions$177,977
Employee contributions$391,189
Employer contribution per active participant$3,358
Average account balance$66,850
Benefits paid to participants$1,994,118
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN, SONDBERG, WIMBISH & STONE,
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $150K emplr
2023$12.5M · 187 accts · $178K emplr
2022$12.0M · 185 accts · $167K emplr
Employer contributions to the Corporation of St Timothy's School plan · 2023
Employer contribution per active participant$3,358
Median for plans this size$2,440
2023$3,358 per active participant
2022$3,153 per active participant

Corporation of St Timothy's School's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$1,881 · 0.02%
2022$2,000 · 0.02%
Similar plansEducational Services · Maryland
The Children's Guild, Inc MD$10.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520591488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.