Plan Ledger DOL Form 5500 · updated monthly

Dc Preparatory Academy403(b)

DC PREPARATORY ACADEMY 403(B) RETIREMENT PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Dc Preparatory Academy reported $84,335 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $2,107 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 0.45% to 0.39%. 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 306th-largest of 618 plans among District of Columbia employers on file, and the 1,472nd of 3,091 in educational services. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 387 to 450 since 2022.

Plan summary
Net assets, end of year$23,363,543
Participants with balances505
Active participants450
Employer contributions$948,005
Employee contributions$1,527,571
Employer contribution per active participant$2,107
Average account balance$46,264
Benefits paid to participants$1,985,935
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.4M · 505 accts · $948K emplr
2023$20.2M · 496 accts · $946K emplr
2022$16.8M · 485 accts · $710K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,335
Total administrative$84,335
Employer contributions to the Dc Preparatory Academy plan · 2024
Employer contribution per active participant$2,107
Median for plans this size$2,416
2024$2,107 per active participant
2023$2,065 per active participant
2022$1,834 per active participant

Dc Preparatory Academy's 2024 employer contribution ran below 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$84,335
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp

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$84,335 · 0.39%
2023$72,525 · 0.39%
2022$68,290 · 0.45%
Similar plansEducational Services · District of Columbia
Society for Neuroscience DC$26.3M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020550253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.