Plan Ledger DOL Form 5500 · updated monthly

French-American School of Puget Sound403(b)

FRENCH AMERICAN SCHOOL OF PUGET SOUND 403(B) DC PLAN · MERCER ISLAND, WA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

French-American School of Puget Sound reported $177 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,453 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 0.02% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Washington (1,000th of 1,714), and 2,001st of 3,091 in educational services. In 2024, employees put in $1.01 for every $1.00 the employer contributed; active participation has grown from 90 to 110 since 2022.

Plan summary
Net assets, end of year$11,432,280
Participants with balances187
Active participants110
Employer contributions$489,866
Employee contributions$495,678
Employer contribution per active participant$4,453
Average account balance$61,135
Benefits paid to participants$140,209
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 187 accts · $490K emplr
2023$9.2M · 163 accts · $435K emplr
2022$7.2M · 159 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$177
Total administrative$177
Employer contributions to the French-American School of Puget Sound plan · 2024
Employer contribution per active participant$4,453
Median for plans this size$2,416
2024$4,453 per active participant
2023$4,030 per active participant
2022$4,021 per active participant

French-American School of Puget Sound's 2024 employer contribution ran above the $2,416 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.

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 · 20241
TIAA · Custodial (securities)$177

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$177 · 0.00%
2023Not separately reported
2022$1,648 · 0.02%
Similar plansEducational Services · Washington
Perry Technical Institute WA$14.8M · 0.29%
Day 1 Academies WA$14.3M · 0.08%
The Bear Creek School WA$14.2M · 0.00%
Eastside Catholic School WA$13.9M · 0.66%
Bellevue Christian School WA$10.4M · 0.46%
Medbridge, Inc. WA$8.3M · 0.31%
Villa Academy WA$7.7M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911682584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.