Plan Ledger DOL Form 5500 · updated monthly

Heritage Christian Schools, Inc.401(k)

HERITAGE CHRISTIAN SCHOOLS, INC. 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Heritage Christian Schools, Inc. reported $43,515 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $1,379 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 has held roughly steady near 0.664%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Indiana (1,042nd of 1,562), and 2,323rd of 3,091 in educational services. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,104,864
Participants with balances264
Active participants240
Employer contributions$331,031
Employee contributions$839,110
Employer contribution per active participant$1,379
Average account balance$26,912
Benefits paid to participants$734,801
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 264 accts · $331K emplr
2023$6.0M · 254 accts · $284K emplr
2022$4.8M · 170 accts · $144K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,515
Total administrative$43,515
The Heritage Christian Schools, Inc. 401(k) match · 2024
Employer contribution per active participant$1,379
Median for plans this size$1,313
2024$1,379 per active participant
2023$1,262 per active participant
2022$622 per active participant

Heritage Christian Schools, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$40,265
RETIREMENT PLAN CONCEPTS & SERVICES · Contract administrator · Other services$3,175
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$43,515 · 0.66%
2023$36,421 · 0.68%
2022$29,498 · 0.66%
Same employer
Similar plansEducational Services · Indiana
The Oaks Academy, Inc. IN$5.0M · 0.13%
Little Star Center, Inc. IN$3.9M · 0.11%
Salem University, LLC IN$2.5M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 351111818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.