Plan Ledger DOL Form 5500 · updated monthly

Harding Academy of Memphis, Inc.403(b)

HARDING ACADEMY OF MEMPHIS CONTRIBUTORY TAX SHELTERED ANNUITY PLAN · MEMPHIS, TN · plan year 2023

Reported admin expense ratio · 2023
0.56%

Harding Academy of Memphis, Inc. reported $80,388 in plan administrative expenses for 2023: 0.56% of average plan assets, higher than ~75% of peers. 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 has held roughly steady near 0.233%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is the 673rd-largest of 1,496 plans among Tennessee employers on file, and 1,811th of 3,091 in educational services. active participation has grown from 245 to 296 since 2022.

Plan summary
Net assets, end of year$15,035,604
Participants with balances107
Active participants296
Employer contributions—
Employee contributions$182,018
Employer contribution per active participant—
Average account balance$140,520
Benefits paid to participants$950,660
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 109 accts
2023$15.0M · 107 accts
2022$13.5M · 107 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,145
Investment management$52,243
Audit (IQPA)$7,000
Total administrative$80,388
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ASCENSUS LLC · Recordkeeping$21,145
MORGAN STANLEY GLOBAL · Investment advisory (plan)$52,243
HHM CPAS · Accounting / audit$7,000

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$34,617 · 0.23%
2023$80,388 · 0.56%
2022$31,212 · 0.23%
Same employer
Similar plansEducational Services · Tennessee
Fisk University TN$18.0M · 0.08%
Harding Academy TN$16.6M · 0.29%
Tennessee Wesleyan College TN$14.8M · 0.10%
Presbyterian Day School TN$14.0M · 0.32%
Currey Ingram Academy TN$13.8M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581314356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.