Plan Ledger DOL Form 5500 · updated monthly

Greens Farms Academy, Inc.403(b)

GREENS FARMS ACADEMY DEFINED CONTRIBUTION PLAN · WESTPORT, CT · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Greens Farms Academy, Inc. reported $57,946 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $4,965 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 263rd-largest of 1,106 plans among Connecticut employers on file, and the 766th of 3,091 in educational services. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has grown from 213 to 292 since 2022.

Plan summary
Net assets, end of year$63,714,695
Participants with balances517
Active participants292
Employer contributions$1,449,687
Employee contributions$1,321,517
Employer contribution per active participant$4,965
Average account balance$123,239
Benefits paid to participants$3,372,572
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.7M · 517 accts · $1.4M emplr
2023$57.0M · 511 accts · $1.4M emplr
2022$50.8M · 503 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,946
Total administrative$57,946
Employer contributions to the Greens Farms Academy, Inc. plan · 2024
Employer contribution per active participant$4,965
Median for plans this size$3,635
2024$4,965 per active participant
2023$5,119 per active participant
2022$6,320 per active participant

Greens Farms Academy, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20242
FIDUCIENT ADVISORS LLC · Investment advisory (plan)$25,936

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$57,946 · 0.10%
2023$41,959 · 0.08%
2022$43,575 · 0.08%
Same employer
Similar plansEducational Services · Connecticut
Kent School Corporation CT$74.7M · 0.24%
Miss Porters School, Inc. CT$64.1M · 0.14%
King School, Inc. CT$58.8M · 0.13%
Avon Old Farms School, Inc. CT$56.2M · 0.05%
Pomfret School CT$55.6M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060733693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.