Plan Ledger DOL Form 5500 · updated monthly

Grove City College403(b)

GROVE CITY COLLEGE SAVINGS AND RETIREMENT PLAN · GROVE CITY, PA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Grove City College reported $363,356 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,675 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 0.30% to 0.46%. 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 543rd-largest of 3,651 plans among Pennsylvania employers on file, and the 626th of 3,091 in educational services. In 2024, employees put in $1.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$83,431,318
Participants with balances692
Active participants585
Employer contributions$2,150,055
Employee contributions$2,211,478
Employer contribution per active participant$3,675
Average account balance$120,565
Benefits paid to participants$4,981,435
Plan auditUnmodified (clean) audit opinion
AuditorGROSSMAN, YANAK, AND FORD
Plan history3
Yearassets · accounts · employer contribution
2024$83.4M · 692 accts · $2.2M emplr
2023$73.5M · 637 accts · $2.1M emplr
2022$66.8M · 677 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,465
Investment management$62,000
Total administrative$363,356
Employer contributions to the Grove City College plan · 2024
Employer contribution per active participant$3,675
Median for plans this size$3,635
2024$3,675 per active participant
2023$4,164 per active participant
2022$3,335 per active participant

Grove City College'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 · 20243
TIAA · Recordkeeping · Pension consulting$63,255
CAPFINANCIAL PARTNERS, LLC · Consulting · Insurance services$62,000
LINCOLN NATIONAL CORPORATION · Contract administrator$210

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, Transamerica

This plan has changed recordkeepers within these filings. If you left Grove City College before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$363,356 · 0.46%
2023$245,792 · 0.35%
2022$216,639 · 0.30%
Same employer
Similar plansEducational Services · Pennsylvania
Mercyhurst University PA$87.6M · 0.01%
Eastern University PA$86.6M · 0.01%
Fullbloom PA$85.5M · 0.64%
Saint Vincent College PA$80.3M · 0.03%
Westminster College PA$78.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251065148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.