Plan Ledger DOL Form 5500 · updated monthly

Germantown Academy403(b)

GERMANTOWN ACADEMY DEFINED CONTRIBUTION PLAN · FORT WASHINGTON, PA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Germantown Academy reported $55,735 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,314 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 0.05% to 0.06%. 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 462nd-largest of 3,651 plans among Pennsylvania employers on file, and the 516th of 3,091 in educational services. In 2024, employees put in $1.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$101,927,986
Participants with balances655
Active participants318
Employer contributions$1,689,861
Employee contributions$1,770,442
Employer contribution per active participant$5,314
Average account balance$155,615
Benefits paid to participants$4,676,116
Plan auditUnmodified (clean) audit opinion
AuditorTAIT WELLER & BAKER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$101.9M · 655 accts · $1.7M emplr
2023$92.2M · 641 accts · $1.6M emplr
2022$81.4M · 637 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,735
Total administrative$55,735
Employer contributions to the Germantown Academy plan · 2024
Employer contribution per active participant$5,314
Median for plans this size$3,635
2024$5,314 per active participant
2023$5,128 per active participant
2022$5,125 per active participant

Germantown Academy's 2024 employer contribution ran above 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 · 20241
TIAA-TEACHERS INS & ANN ASSOC · Contract administrator$56,610

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$55,735 · 0.06%
2023$44,553 · 0.05%
2022$42,642 · 0.05%
Same employer
Similar plansEducational Services · Pennsylvania
Saint Francis University PA$127.9M · 0.42%
Albright College PA$120.5M · 0.03%
McKissock LLC PA$120.3M · 0.11%
Point Park University PA$115.5M · 0.06%
The Haverford School PA$101.5M · 0.15%
Lycoming College PA$97.6M · 0.18%
Chatham University PA$97.0M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 231352639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.