Plan Ledger DOL Form 5500 · updated monthly

Groton School403(b)

GROTON SCHOOL 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN · GROTON, MA · plan year 2025

Reported admin expense ratio · 2025
0.13%

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

Groton School reported $120,276 in plan administrative expenses for 2025: 0.13% of average plan assets, above the peer median. Employer contributions averaged $5,001 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 0.05% to 0.13%. 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 433rd-largest of 2,726 plans among Massachusetts employers on file, and the 544th of 3,091 in educational services. In 2025, employees put in $1.16 for every $1.00 the employer contributed; active participation has shrunk from 368 to 246 since 2022.

Plan summary
Net assets, end of year$97,364,858
Participants with balances446
Active participants246
Employer contributions$1,230,253
Employee contributions$1,425,271
Employer contribution per active participant$5,001
Average account balance$218,307
Benefits paid to participants$5,266,504
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$97.4M · 446 accts · $1.2M emplr
2024$87.1M · 444 accts · $1.2M emplr
2023$80.3M · 448 accts · $1.1M emplr
2022$71.8M · 453 accts · $1.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$71,601
Investment management$31,565
Audit (IQPA)$17,110
Total administrative$120,276
Employer contributions to the Groton School plan · 2025
Employer contribution per active participant$5,001
Median for plans this size$4,093
2025$5,001 per active participant
2024$4,869 per active participant
2023$5,855 per active participant
2022$3,072 per active participant

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

Service providers · 20253
TIAA · Recordkeeping · Pension consulting$71,601
FIDUCIENT ADVISORS, LLC · Investment management$31,565
CARON & BLETZER, PLLC · Accounting / audit$17,110

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

Recordkeeper by year3
2025TIAA
2024TIAA
2023TIAA

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

Administrative cost history4
2025$120,276 · 0.13%
2024$104,459 · 0.12%
2023$66,629 · 0.09%
2022$37,153 · 0.05%
Same employer
Similar plansEducational Services · Massachusetts
Endicott College MA$116.9M · 0.08%
Gordon College MA$108.2M · 0.03%
Elderhostel Inc. MA$98.2M · 0.13%
Thayer Academy MA$90.5M · 0.05%
New England Law Boston MA$87.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.