Plan Ledger DOL Form 5500 · updated monthly

Foundation for Atlanta Veterans Education and Research, Inc.403(b)

FOUNDATION FOR ATLANTA VETERANS EDUCATION AND RESEARCH, INC. 403(B) SALARY REDUCTION & PENSION PLAN · DECATUR, GA · plan year 2023

Reported admin expense ratio · 2023
0.48%

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

Foundation for Atlanta Veterans Education and Research, Inc. reported $53,655 in plan administrative expenses for 2023: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,890 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 0.32% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Georgia (1,129th of 2,160), and 7,341st of 11,654 in professional & technical services. In 2023, employees put in $3.85 for every $1.00 the employer contributed; active participation has shrunk from 56 to 47 since 2022.

Plan summary
Net assets, end of year$12,169,130
Participants with balances144
Active participants47
Employer contributions$88,813
Employee contributions$341,556
Employer contribution per active participant$1,890
Average account balance$84,508
Benefits paid to participants$589,930
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 136 accts · $93K emplr
2023$12.2M · 144 accts · $89K emplr
2022$10.4M · 151 accts · $96K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$53,250
Investment management$180
Total administrative$53,655
Employer contributions to the Foundation for Atlanta Veterans Education and Research, Inc. plan · 2023
Employer contribution per active participant$1,890
Median for plans this size$2,440
2024$1,982 per active participant
2023$1,890 per active participant
2022$1,723 per active participant

Foundation for Atlanta Veterans Education and Research, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (participants)$42
CBIZ BENEFITS & INSURANCE SERVICES · Other servicesindirect 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$64,365 · 0.53%
2023$53,655 · 0.48%
2022$32,670 · 0.32%
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Source: U.S. Department of Labor, Form 5500 series, EIN 581857346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.