Plan Ledger DOL Form 5500 · updated monthly

Grace Church School403(b)

GRACE CHURCH SCHOOL RETIREMENT AND SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Grace Church School reported $67,916 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $7,934 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 0.08% to 0.10%. 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 994th-largest of 5,648 plans among New York employers on file, and the 677th of 3,091 in educational services. In 2024, employees put in $1.03 for every $1.00 the employer contributed; active participation has grown from 203 to 225 since 2022.

Plan summary
Net assets, end of year$75,326,216
Participants with balances384
Active participants225
Employer contributions$1,785,154
Employee contributions$1,832,452
Employer contribution per active participant$7,934
Average account balance$196,162
Benefits paid to participants$5,977,614
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$75.3M · 384 accts · $1.8M emplr
2023$67.5M · 364 accts · $1.6M emplr
2022$57.6M · 353 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,916
Total administrative$67,916
Employer contributions to the Grace Church School plan · 2024
Employer contribution per active participant$7,934
Median for plans this size$3,635
2024$7,934 per active participant
2023$7,713 per active participant
2022$7,588 per active participant

Grace Church School'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 · 20243
TIAA$46,791
PLANPILOT, LLC · Investment advisory (plan)$9,825
CBIZ, INC. · Accounting / audit$9,000

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$67,916 · 0.10%
2023$44,778 · 0.07%
2022$51,852 · 0.08%
Similar plansEducational Services · New York
Allen-Stevenson School NY$79.5M · 0.07%
Lycee Francais de New York NY$79.4M · 0.04%
The Berkeley Carroll School NY$74.7M · 0.00%
Saint David's School NY$73.0M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 113752853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.