Plan Ledger DOL Form 5500 · updated monthly

Friends Select School403(b)

FRIENDS SELECT SCHOOL RETIREMENT PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Friends Select School reported $128,600 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $4,577 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 rose from 0.18% to 0.32%. 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 the 907th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,032nd of 3,091 in educational services. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,593,602
Participants with balances239
Active participants137
Employer contributions$627,046
Employee contributions$841,023
Employer contribution per active participant$4,577
Average account balance$178,216
Benefits paid to participants$2,095,597
Plan auditDisclaimer of opinion
AuditorTAIT WELLER & BAKER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 239 accts · $627K emplr
2023$38.3M · 234 accts · $575K emplr
2022$33.4M · 222 accts · $563K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,850
Investment management$23,500
Audit (IQPA)$10,250
Total administrative$128,600
Employer contributions to the Friends Select School plan · 2024
Employer contribution per active participant$4,577
Median for plans this size$2,416
2024$4,577 per active participant
2023$4,023 per active participant
2022$4,109 per active participant

Friends Select School'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 · 20243
TIAA INS & ANNUITY ASSOC · Contract administrator$94,850
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$23,500
TAIT WELLER & BAKER · Accounting / audit$10,250

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$128,600 · 0.32%
2023$80,352 · 0.22%
2022$64,162 · 0.18%
Same employer
Similar plansEducational Services · Pennsylvania
Penn Foster, Inc. PA$48.8M · 0.33%
Mount Aloysius College PA$47.1M · 0.20%
Moravian Academy PA$46.3M · 0.13%
The Baldwin School PA$42.0M · 0.24%
Immaculata University PA$41.9M · 0.10%
Sewickley Academy PA$41.9M · 0.09%
The American Law Institute PA$40.9M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 230604370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.