Plan Ledger DOL Form 5500 · updated monthly

Franklin and Marshall College403(b)

FRANKLIN AND MARSHALL COLLEGE RETIREMENT PLAN · LANCASTER, PA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Franklin and Marshall College reported $293,196 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $5,928 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.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 190th-largest of 3,651 plans among Pennsylvania employers on file, and the 156th of 3,091 in educational services. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$365,215,378
Participants with balances1,627
Active participants714
Employer contributions$4,232,440
Employee contributions$3,424,832
Employer contribution per active participant$5,928
Average account balance$224,472
Benefits paid to participants$20,774,875
Plan auditDisclaimer of opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$365.2M · 1,627 accts · $4.2M emplr
2023$338.1M · 1,626 accts · $4.1M emplr
2022$313.4M · 1,646 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$293,196
Total administrative$293,196
Employer contributions to the Franklin and Marshall College plan · 2024
Employer contribution per active participant$5,928
Median for plans this size$4,294
2024$5,928 per active participant
2023$5,786 per active participant
2022$5,858 per active participant

Franklin and Marshall College's 2024 employer contribution ran above the $4,294 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.

Administrative cost history3
2024$293,196 · 0.08%
2023Not separately reported
2022Not separately reported
Same employer
Similar plansEducational Services · Pennsylvania
Lafayette College PA$479.4M · 0.05%
Swarthmore College PA$462.5M · 0.02%
Widener University PA$424.8M · 0.02%
Bryn Mawr College PA$329.3M · 0.07%
Haverford College PA$260.0M · 0.01%
La Salle University PA$228.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231352635 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.