Plan Ledger DOL Form 5500 · updated monthly

Gilbert Christian Schools Inc.403(b)

GILBERT CHRISTIAN SCHOOLS INC. DEFINED CONTRIBUTION PLAN · GILBERT, AZ · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Gilbert Christian Schools Inc. reported $6,447 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,359 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 0.15% to 0.09%. 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 Arizona (661st of 1,285), and 2,253rd of 3,091 in educational services. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 260 to 447 since 2022.

Plan summary
Net assets, end of year$8,059,164
Participants with balances324
Active participants447
Employer contributions$607,650
Employee contributions$869,621
Employer contribution per active participant$1,359
Average account balance$24,874
Benefits paid to participants$214,592
Plan auditUnmodified (clean) audit opinion
AuditorCARNEAL & HUNT PLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 324 accts · $608K emplr
2023$5.8M · 307 accts · $544K emplr
2022$4.2M · 251 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,447
Total administrative$6,447
Employer contributions to the Gilbert Christian Schools Inc. plan · 2024
Employer contribution per active participant$1,359
Median for plans this size$1,313
2024$1,359 per active participant
2023$1,363 per active participant
2022$1,487 per active participant

Gilbert Christian Schools Inc.'s 2024 employer contribution ran above 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
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$6,247

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,447 · 0.09%
2023$8,568 · 0.17%
2022$5,540 · 0.15%
Same employer
Similar plansEducational Services · Arizona
Northcentral University AZ$7.4M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860832483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.