Plan Ledger DOL Form 5500 · updated monthly

Hillbrook School403(b)

HILLBROOK SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · LOS GATOS, CA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Hillbrook School reported $37,940 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $5,956 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 fell from 0.23% to 0.21%. 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 3,701st-largest of 9,483 plans among California employers on file, and 1,611th of 3,091 in educational services. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has grown from 85 to 97 since 2022.

Plan summary
Net assets, end of year$19,531,824
Participants with balances191
Active participants97
Employer contributions$577,725
Employee contributions$698,372
Employer contribution per active participant$5,956
Average account balance$102,261
Benefits paid to participants$1,352,742
Plan auditDisclaimer of opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $203K emplr
2024$19.5M · 191 accts · $578K emplr
2023$17.2M · 188 accts · $517K emplr
2022$14.5M · 172 accts · $454K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,045
Investment management$8,895
Total administrative$37,940
Employer contributions to the Hillbrook School plan · 2024
Employer contribution per active participant$5,956
Median for plans this size$2,416
2024$5,956 per active participant
2023$5,804 per active participant
2022$5,335 per active participant

Hillbrook School's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$8,895

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

Administrative cost history4
2025Not separately reported
2024$37,940 · 0.21%
2023$40,593 · 0.26%
2022$34,909 · 0.23%
Similar plansEducational Services · California
The Chandler School CA$20.5M · 0.23%
Mayfield Senior School CA$20.2M · 0.14%
Udacity CA$20.0M · 0.03%
Sonoma Academy CA$19.4M · 0.25%
Drew School CA$18.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940382325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.