Plan Ledger DOL Form 5500 · updated monthly

Faith Christian School,Inc.401(k)

FAITH CHRISTIAN SCHOOL, INC. 401K PLAN · GRAPEVINE, TX · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Faith Christian School,Inc. reported $59,610 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,822 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 0.36% to 0.71%. 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 Texas (3,219th of 5,688), and 2,188th of 3,091 in educational services. In 2024, employees put in $2.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,003,325
Participants with balances127
Active participants147
Employer contributions$267,828
Employee contributions$702,875
Employer contribution per active participant$1,822
Average account balance$70,892
Benefits paid to participants$594,200
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 127 accts · $268K emplr
2023$7.7M · 122 accts · $230K emplr
2022$8.4M · 122 accts · $199K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,493
Investment management$26,117
Total administrative$59,610
The Faith Christian School,Inc. 401(k) match · 2024
Employer contribution per active participant$1,822
Median for plans this size$1,313
2024$1,822 per active participant
2023$1,534 per active participant
2022$1,301 per active participant

Faith Christian School,Inc.'s 2024 employer contribution ran above 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 · 20242
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$900
EDWARD D. JONES & CO., L.P. · Investment advisory (participants)$24,485

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,610 · 0.71%
2023$56,612 · 0.70%
2022$29,008 · 0.36%
Similar plansEducational Services · Texas
Brighton Center TX$10.3M · 0.44%
The Post Oak School TX$10.1M · 0.37%
Aceable, Inc. TX$8.7M · 1.11%
The Briarwood School TX$8.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752784724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.