Plan Ledger DOL Form 5500 · updated monthly

Frederica Academy403(b)

FREDERICA ACADEMY 403(B) DC PLAN · ST. SIMONS ISLAND, GA · plan year 2024

Employer contribution per participant · 2024
$2,673

Frederica Academy's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $9,141,141 across 199 participant accounts, with employer contributions averaging $2,673 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Georgia (1,301st of 2,160), and 2,175th of 3,091 in educational services. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$9,141,141
Participants with balances199
Active participants84
Employer contributions$224,515
Employee contributions$208,504
Employer contribution per active participant$2,673
Average account balance$45,935
Benefits paid to participants$269,949
Plan auditUnmodified (clean) audit opinion
AuditorMSTILLER
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 199 accts · $225K emplr
2023$7.9M · 191 accts · $249K emplr
2022$6.6M · 193 accts · $221K emplr
Employer contributions to the Frederica Academy plan · 2024
Employer contribution per active participant$2,673
Median for plans this size$1,313
2024$2,673 per active participant
2023$2,705 per active participant
2022$2,484 per active participant

Frederica Academy's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansEducational Services · Georgia
High Meadows School, Inc. GA$10.5M · 0.02%
Landmark Christian School GA$10.0M · 0.57%
Operation Hope, Inc. GA$8.8M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581093060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.