Plan Ledger DOL Form 5500 · updated monthly

Graceland College Ctr for Profess. Develop. & Lifelong Learning, Inc.403(b)

SKILLPATH RETIREMENT SAVINGS PLAN · MISSION, KS · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Graceland College Ctr for Profess. Develop. & Lifelong Learning, Inc. reported $75,220 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,580 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 0.38% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 270th-largest of 828 plans among Kansas employers on file, and the 1,482nd of 3,091 in educational services. In 2024, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,056,503
Participants with balances250
Active participants100
Employer contributions$158,006
Employee contributions$472,508
Employer contribution per active participant$1,580
Average account balance$92,226
Benefits paid to participants$1,745,581
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 250 accts · $158K emplr
2023$21.7M · 258 accts · $170K emplr
2022$19.7M · 268 accts · $149K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,266
Total administrative$75,220
Employer contributions to the Graceland College Ctr for Profess. Develop. & Lifelong Learning, Inc. plan · 2024
Employer contribution per active participant$1,580
Median for plans this size$2,416
2024$1,580 per active participant
2023$1,755 per active participant
2022$1,491 per active participant

Graceland College Ctr for Profess. Develop. & Lifelong Learning, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
TIAA · Claims processing · Recordkeeping$20,794
TWO WEST CAPITAL ADVISORS, LLC · Consulting$34,587
PENTEGRA SERVICES, INC. · Plan administrator · Pension consulting$19,511

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$75,220 · 0.34%
2023$50,832 · 0.25%
2022$87,309 · 0.38%
Similar plansEducational Services · Kansas
Southwestern College KS$27.7M · 0.12%
Heartspring, Inc. KS$26.7M · 0.11%
Newman University KS$25.5M · 0.19%
Tabor College, Inc. KS$23.3M · 0.17%
McPherson College KS$23.0M · 0.37%
Wichita Collegiate School KS$21.5M · 0.39%
Sterling College KS$13.3M · 0.26%
Rainbows United, Inc. KS$10.7M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431685651 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.