Plan Ledger DOL Form 5500 · updated monthly

Davidson Day School401(k)

DAVIDSON DAY SCHOOL RETIREMENT PLAN · DAVIDSON, NC · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Davidson Day School reported $35,564 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $1,278 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 0.70% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in North Carolina (1,326th of 2,005), and 2,366th of 3,091 in educational services. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 129 to 148 since 2022.

Plan summary
Net assets, end of year$6,620,327
Participants with balances114
Active participants148
Employer contributions$189,116
Employee contributions$372,903
Employer contribution per active participant$1,278
Average account balance$58,073
Benefits paid to participants$323,203
Plan auditDisclaimer of opinion
AuditorMELISSA G. CRITCHER CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 114 accts · $189K emplr
2023$5.6M · 123 accts · $172K emplr
2022$4.7M · 115 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,854
Total administrative$35,564
The Davidson Day School 401(k) match · 2024
Employer contribution per active participant$1,278
Median for plans this size$1,313
2024$1,278 per active participant
2023$1,187 per active participant
2022$1,169 per active participant

Davidson Day School's 2024 employer contribution ran below the $1,313 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
CORNERSTONE WEALTH GROUP, LLC · Investment advisory (plan)$16,021
ASCENSUS HOLDING INC DBA FUTUREPLAN · Contract administrator$1,125

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$35,564 · 0.58%
2023$35,682 · 0.70%
2022$30,129 · 0.70%
Similar plansEducational Services · North Carolina
Union Academy NC$6.4M · 0.02%
The Fletcher School NC$5.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111976223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.