Plan Ledger DOL Form 5500 · updated monthly

Hathaway Brown School403(b)

THE HATHAWAY BROWN SCHOOL RETIREMENT PLAN · SHAKER HEIGHTS, OH · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Hathaway Brown School reported $20,070 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,948 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 0.03% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 644th-largest of 3,295 plans among Ohio employers on file, and the 889th of 3,091 in educational services. In 2024, employees put in $1.46 for every $1.00 the employer contributed; active participation has grown from 240 to 267 since 2022.

Plan summary
Net assets, end of year$51,825,360
Participants with balances448
Active participants267
Employer contributions$786,985
Employee contributions$1,146,047
Employer contribution per active participant$2,948
Average account balance$115,682
Benefits paid to participants$3,415,634
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.8M · 448 accts · $787K emplr
2023$47.1M · 433 accts · $721K emplr
2022$41.2M · 416 accts · $693K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,070
Total administrative$20,070
Employer contributions to the Hathaway Brown School plan · 2024
Employer contribution per active participant$2,948
Median for plans this size$2,416
2024$2,948 per active participant
2023$2,784 per active participant
2022$2,889 per active participant

Hathaway Brown School's 2024 employer contribution ran above the $2,416 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$20,520
MALONEY & NOVOTNY LLC · Accounting / audit$11,000
PLANPILOT, LLC · Investment advisory (plan)$7,200

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$20,070 · 0.04%
2023$16,201 · 0.04%
2022$14,589 · 0.03%
Same employer
Similar plansEducational Services · Ohio
The Seven Hills School OH$64.9M · 0.08%
Hiram College OH$63.4M · 0.10%
Walsh University, Inc. OH$60.7M · 0.20%
Wilmington College OH$51.2M · 0.03%
Hawken School OH$49.6M · 0.11%
Ohio Dominican University OH$43.3M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340714426 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.