Plan Ledger DOL Form 5500 · updated monthly

East Coast Migrant Head Start Project403(b)

EAST COAST MIGRANT HEAD START PROJECT RETIREMENT SAVINGS PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

East Coast Migrant Head Start Project reported $32,989 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,918 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 0.16% to 0.09%. 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 464th-largest of 2,005 plans among North Carolina employers on file, and the 1,092nd of 3,091 in educational services. In 2024, the employer put in $1.36 for every $1.00 employees contributed themselves; active participation has grown from 975 to 1,086 since 2022.

Plan summary
Net assets, end of year$38,945,873
Participants with balances1,394
Active participants1,086
Employer contributions$3,169,068
Employee contributions$2,322,722
Employer contribution per active participant$2,918
Average account balance$27,938
Benefits paid to participants$4,048,083
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY, L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$38.9M · 1,394 accts · $3.2M emplr
2023$34.2M · 1,336 accts · $2.8M emplr
2022$29.6M · 1,200 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,989
Total administrative$32,989
Employer contributions to the East Coast Migrant Head Start Project plan · 2024
Employer contribution per active participant$2,918
Median for plans this size$2,416
2024$2,918 per active participant
2023$2,681 per active participant
2022$2,440 per active participant

East Coast Migrant Head Start Project'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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$33,060

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$32,989 · 0.09%
2023$35,286 · 0.11%
2022$48,608 · 0.16%
Same employer
Similar plansEducational Services · North Carolina
Warren Wilson College, Inc. NC$41.9M · 0.17%
Mars Hill University NC$41.2M · 0.35%
Johnson C Smith University NC$39.8M · 0.02%
Belmont Abbey College, Inc. NC$39.0M · 0.34%
College Foundation, Inc. NC$38.3M · 0.05%
Forsyth Country Day School NC$37.9M · 0.06%
Pfeiffer University NC$33.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521020023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.