Plan Ledger DOL Form 5500 · updated monthly

Fredericksburg Christian Educational Services, Inc.401(k)

FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN · FREDERICKSBURG, VA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Fredericksburg Christian Educational Services, Inc. reported $29,656 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $674 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 fell from 0.77% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Virginia (1,685th of 2,266), and 2,054th of 3,341 in other services. In 2024, employees put in $4.00 for every $1.00 the employer contributed; active participation has grown from 155 to 195 since 2022.

Plan summary
Net assets, end of year$6,702,678
Participants with balances226
Active participants195
Employer contributions$131,520
Employee contributions$526,024
Employer contribution per active participant$674
Average account balance$29,658
Benefits paid to participants$152,973
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 226 accts · $132K emplr
2023$5.4M · 199 accts · $108K emplr
2022$4.9M · 182 accts · $76K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,656
Total administrative$29,656
The Fredericksburg Christian Educational Services, Inc. 401(k) match · 2024
Employer contribution per active participant$674
Median for plans this size$1,313
2024$674 per active participant
2023$630 per active participant
2022$493 per active participant

Fredericksburg Christian Educational Services, Inc.'s 2024 employer contribution ran below the $1,313 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.

Service providers · 20247
LPL FINANCIAL · Investment advisory (plan)$8,308
BENEFIT DESIGN & ADMIN, INC DBA CBA · Contract administrator$700
MMLISindirect comp
MMLISindirect comp
LPL FINANCIAL · Investment advisory (plan)indirect 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$29,656 · 0.49%
2023$36,951 · 0.71%
2022$35,210 · 0.77%
Similar plansOther Services · Virginia
Bay Aging VA$7.1M · 0.36%
The Mariners' Museum VA$6.8M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541144064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.