Plan Ledger DOL Form 5500 · updated monthly

Governor Dummer Academy dba the Governor's Academy403(b)

GOVERNOR DUMMER ACADEMY DEFINED CONTRIBUTION RETIREMENT PLAN · BYFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Governor Dummer Academy dba the Governor's Academy reported $64,286 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $7,071 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 3 years on file its reported administrative ratio has held roughly steady near 0.104%. 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 573rd-largest of 2,726 plans among Massachusetts employers on file, and the 752nd of 3,091 in educational services. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$65,583,481
Participants with balances341
Active participants181
Employer contributions$1,279,821
Employee contributions$1,219,048
Employer contribution per active participant$7,071
Average account balance$192,327
Benefits paid to participants$2,333,812
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$65.6M · 341 accts · $1.3M emplr
2023$58.1M · 342 accts · $1.2M emplr
2022$48.7M · 336 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,285
Total administrative$64,286
Employer contributions to the Governor Dummer Academy dba the Governor's Academy plan · 2024
Employer contribution per active participant$7,071
Median for plans this size$3,635
2024$7,071 per active participant
2023$6,854 per active participant
2022$5,849 per active participant

Governor Dummer Academy dba the Governor's Academy's 2024 employer contribution ran above the $3,635 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 · 20242
SENTINEL PENSION ADVISORS · Investment advisory (plan)$36,220

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$64,286 · 0.10%
2023$59,144 · 0.11%
2022$53,823 · 0.10%
Same employer
Similar plansEducational Services · Massachusetts
Regis College MA$67.0M · 0.15%
Brooks School MA$66.7M · 0.20%
Berkshire School, Inc. MA$65.9M · 0.06%
Dana Hall School MA$63.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.