Plan Ledger DOL Form 5500 · updated monthly

Gardner-Webb University , Inc.403(b)

GARDNER-WEBB UNIVERSITY PENSION PLAN · BOILING SPRINGS, NC · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Gardner-Webb University , Inc. reported $88,218 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,953 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 0.09% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 238th-largest of 2,005 plans among North Carolina employers on file, and the 628th of 3,091 in educational services. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$83,319,651
Participants with balances982
Active participants365
Employer contributions$1,077,976
Employee contributions$1,146,916
Employer contribution per active participant$2,953
Average account balance$84,847
Benefits paid to participants$9,702,954
Plan auditUnmodified (clean) audit opinion
AuditorMCCANNON, ROGERS, DRISCOLL & ASSOCI
Plan history3
Yearassets · accounts · employer contribution
2024$83.3M · 982 accts · $1.1M emplr
2023$80.8M · 977 accts · $1.2M emplr
2022$72.5M · 976 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,218
Total administrative$88,218
Employer contributions to the Gardner-Webb University , Inc. plan · 2024
Employer contribution per active participant$2,953
Median for plans this size$3,635
2024$2,953 per active participant
2023$3,251 per active participant
2022$2,904 per active participant

Gardner-Webb University , Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
TIAA$68,155
MCCANNON, ROGERS, DRISCOLL & ASSOC. · Investment advisory (plan)$11,750

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$88,218 · 0.11%
2023$53,521 · 0.07%
2022$70,171 · 0.09%
Same employer
Similar plansEducational Services · North Carolina
Charlotte Country Day School NC$102.5M · 0.08%
Wingate University NC$97.0M · 0.15%
Meredith College NC$94.1M · 0.06%
Guilford College NC$82.8M · 0.07%
Providence Day School, Inc. NC$76.3M · 0.14%
Discovery Education, Inc. NC$72.6M · 0.13%
Durham Academy, Inc. NC$70.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560529972 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.