Plan Ledger DOL Form 5500 · updated monthly

Greater Educational Opportunities Foundation403(b)

GEO FOUNDATION 403(B) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Greater Educational Opportunities Foundation reported $33,455 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $1,287 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 0.17% to 0.44%. 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 Indiana (972nd of 1,562), and 2,239th of 3,091 in educational services. In 2024, employees put in $1.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,286,373
Participants with balances497
Active participants512
Employer contributions$658,983
Employee contributions$709,390
Employer contribution per active participant$1,287
Average account balance$16,673
Benefits paid to participants$951,333
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 497 accts · $659K emplr
2023$7.0M · 231 accts · $435K emplr
2022$5.4M · 500 accts · $412K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,455
Total administrative$33,455
Employer contributions to the Greater Educational Opportunities Foundation plan · 2024
Employer contribution per active participant$1,287
Median for plans this size$1,313
2024$1,287 per active participant
2023$725 per active participant
2022$832 per active participant

Greater Educational Opportunities Foundation's 2024 employer contribution ran below 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
AMERIPRISE FINANCIAL SERVICES, INCindirect comp

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$33,455 · 0.44%
2023$60,925 · 0.98%
2022$9,426 · 0.17%
Same employer
Similar plansEducational Services · Indiana
Grace Schools IN$21.4M · 0.36%
The Oaks Academy, Inc. IN$5.0M · 0.13%
Little Star Center, Inc. IN$3.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954406881 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.