Plan Ledger DOL Form 5500 · updated monthly

Graduate Management Admission Council403(b)

GRADUATE MANAGEMENT ADMISSION COUNCIL RETIREMENT PLAN · RESTON, VA · plan year 2025

Reported admin expense ratio · 2025
0.16%

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

Graduate Management Admission Council reported $77,696 in plan administrative expenses for 2025: 0.16% of average plan assets, above the peer median. Employer contributions averaged $9,122 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 rose from 0.14% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 462nd-largest of 2,266 plans among Virginia employers on file, and the 869th of 3,091 in educational services. In 2025, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,643,147
Participants with balances198
Active participants101
Employer contributions$921,308
Employee contributions$1,393,723
Employer contribution per active participant$9,122
Average account balance$270,925
Benefits paid to participants$2,409,059
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$53.6M · 198 accts · $921K emplr
2024$46.6M · 200 accts · $902K emplr
2023$43.3M · 197 accts · $823K emplr
2022$38.8M · 193 accts · $778K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$77,696
Total administrative$77,696
Employer contributions to the Graduate Management Admission Council plan · 2025
Employer contribution per active participant$9,122
Median for plans this size$4,093
2025$9,122 per active participant
2024$8,130 per active participant
2023$8,065 per active participant
2022$7,859 per active participant

Graduate Management Admission Council's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$77,695
CLIFTONLARSONALLEN LLP · Accounting / auditindirect comp
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$77,696 · 0.16%
2024$76,070 · 0.17%
2023$66,694 · 0.16%
2022$60,953 · 0.14%
Same employer
Similar plansEducational Services · Virginia
Flint Hill School VA$82.3M · 0.05%
Woodberry Forest School VA$77.3M · 0.23%
Randolph College VA$71.0M · 0.03%
Norfolk Academy VA$61.1M · 0.09%
St. Anne's Belfield, Inc. VA$47.0M · 0.16%
The Langley School VA$40.9M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237084339 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.