Plan Ledger DOL Form 5500 · updated monthly

Franklin College of Indiana403(b)

FRANKLIN COLLEGE 403(B) RETIREMENT AND TAX DEFERRED ANNUITY PLAN · FRANKLIN, IN · plan year 2025

Reported admin expense ratio · 2025
0.13%

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

Franklin College of Indiana reported $79,501 in plan administrative expenses for 2025: 0.13% of average plan assets, above the peer median. Employer contributions averaged $1,933 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 3 years on file its reported administrative ratio rose from 0.03% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 228th-largest of 1,562 plans among Indiana employers on file, and the 756th of 3,091 in educational services. In 2025, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$65,058,640
Participants with balances586
Active participants255
Employer contributions$493,007
Employee contributions$786,327
Employer contribution per active participant$1,933
Average account balance$111,022
Benefits paid to participants$5,939,748
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history4
Yearassets · accounts · employer contribution
2025$65.1M · 586 accts · $493K emplr
2024$61.1M · 620 accts · $488K emplr
2023$59.0M · 616 accts · $964K emplr
2022$53.4M · 646 accts · $934K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$41,165
Investment management$15,000
Audit (IQPA)$23,336
Total administrative$79,501
Employer contributions to the Franklin College of Indiana plan · 2025
Employer contribution per active participant$1,933
Median for plans this size$4,093
2025$1,933 per active participant
2024$1,827 per active participant
2023$3,623 per active participant
2022$3,408 per active participant

Franklin College of Indiana's 2025 employer contribution ran below the $4,093 median for plans its size, in the bottom quarter of its peers. 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
TIAA · Contract administrator$41,165
CROWE LLP · Accounting / audit$23,336
PROCOURSE FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$15,000

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

Administrative cost history4
2025$79,501 · 0.13%
2024$37,568 · 0.06%
2023$29,205 · 0.05%
2022$18,285 · 0.03%
Same employer
Similar plansEducational Services · Indiana
Purdue Research Foundation IN$86.9M · 0.07%
Hanover College IN$70.4M · 0.05%
Park Tudor Foundation IN$63.4M · 0.08%
Project Lead the Way Inc. IN$40.9M · 0.01%
Saint Joseph's College IN$30.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350868086 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.