What are the fees in the Franklin Discovery Academy-Vineyard 401(k) plan?

For plan year 2022, Franklin Discovery Academy-Vineyard reported $4,454 in plan administrative expenses, or 2.54% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the Franklin Discovery Academy-Vineyard 401(k) match?

In 2022, employer contributions to the Franklin Discovery Academy-Vineyard plan averaged $267 per active participant, below the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Franklin Discovery Academy-Vineyard 401(k)?

The average participant account balance was $3,541 for plan year 2022, based on 52 accounts.

Franklin Discovery Academy-Vineyard401(k)

Name: Franklin Discovery Academy-Vineyard 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

RETIREMENT INCOME SECURITY PLAN-FRANKLIN DISCOVERY ACADEMY-VINEYARD · VINEYARD, UT · plan year 2022

Reported admin expense ratio · 2022

2.54%

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

Franklin Discovery Academy-Vineyard reported $4,454 in plan administrative expenses for 2022: 2.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $267 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Utah (836th of 848), and 3,076th of 3,091 in educational services. In 2022, the employer put in $1.10 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$184,146
Participants with balances52
Active participants118
Employer contributions$31,546
Employee contributions$28,790
Employer contribution per active participant$267
Average account balance$3,541
Benefits paid to participants$32,032
Plan auditUnmodified (clean) audit opinion
AuditorBAS PARTNERS

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$2,901

Investment management$1,553

Total administrative$4,454

The Franklin Discovery Academy-Vineyard 401(k) match · 2022

Employer contribution per active participant$267

Median for plans this size$331

Franklin Discovery Academy-Vineyard's 2022 employer contribution ran below the $331 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$4,454 · 2.54%

Similar plansEducational Services · Utah
Noorda Medical School UT$5.0M · 0.82%
Davinci Academy of Science and the Arts UT$3.4M · 0.47%
Mountainland Head Start Inc. UT$1.6M · 1.84%
Utah Military Academy UT$1.3M · 0.98%
University Nursery School, Inc. MN$206K · 1.32%
Oklahoma Christian Academy, Inc. OK$190K · 0.09%
Academy for Precision Learning WA$184K · 0.86%
Academy for Precision Learning WA$184K · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812710886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.