Plan Ledger DOL Form 5500 · updated monthly

Gainesville Independent School, Inc403(b)

LAKEVIEW ACADEMY TAX-DEFERRED ANNUITY PLAN · GAINESVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Gainesville Independent School, Inc reported $1,128 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,305 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 0.03% to 0.01%. 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 (1,258th of 2,160), and 2,118th of 3,091 in educational services. In 2024, employees put in $2.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,912,239
Participants with balances170
Active participants119
Employer contributions$155,302
Employee contributions$442,738
Employer contribution per active participant$1,305
Average account balance$58,307
Benefits paid to participants$1,068,308
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER, ALMAND AND BANGS
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 170 accts · $155K emplr
2023$9.5M · 175 accts · $160K emplr
2022$8.6M · 178 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,128
Total administrative$1,128
Employer contributions to the Gainesville Independent School, Inc plan · 2024
Employer contribution per active participant$1,305
Median for plans this size$1,313
2024$1,305 per active participant
2023$1,345 per active participant
2022$1,468 per active participant

Gainesville Independent School, 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 · 20241
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)$1,128

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$1,128 · 0.01%
2023$2,482 · 0.03%
2022$2,391 · 0.03%
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 581077096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.