Plan Ledger DOL Form 5500 · updated monthly

Flagler College403(b)

FLAGLER COLLEGE DC RETIREMENT PLAN · SAINT AUGUSTINE, FL · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Flagler College reported $209,383 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,272 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 0.35% to 0.39%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 497th-largest of 3,644 plans among Florida employers on file, and the 839th of 3,091 in educational services. In 2024, employees put in $1.11 for every $1.00 the employer contributed; active participation has grown from 284 to 333 since 2022.

Plan summary
Net assets, end of year$56,413,147
Participants with balances563
Active participants333
Employer contributions$1,422,438
Employee contributions$1,572,001
Employer contribution per active participant$4,272
Average account balance$100,201
Benefits paid to participants$4,456,720
Plan auditUnmodified (clean) audit opinion
AuditorENNIS, PELLUM & ASSOCIATES, CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$56.4M · 563 accts · $1.4M emplr
2023$51.9M · 562 accts · $1.4M emplr
2022$46.1M · 553 accts · $1.3M emplr
The Flagler College 401(k) match · 2024
Employer contribution per active participant$4,272
Median for plans this size$3,635
2024$4,272 per active participant
2023$4,459 per active participant
2022$4,473 per active participant

Flagler College's 2024 employer contribution ran above the $3,635 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
SAGEVIEW ADVISORY GROUP, LLC$27,065

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$209,383 · 0.39%
2023$199,344 · 0.41%
2022$172,105 · 0.35%
Same employer
Similar plansEducational Services · Florida
The Bolles School FL$68.9M · 0.30%
Miami Country Day School FL$58.3M · 0.18%
Uma Education, Inc. FL$55.9M · 0.28%
Viking Holding Company, LLC FL$47.8M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591157081 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.