Plan Ledger DOL Form 5500 · updated monthly

Horace Mann School403(b)

HORACE MANN SCHOOL RETIREMENT AND SAVINGS PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Horace Mann School reported $207,359 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $11,476 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 0.06% to 0.09%. 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 389th-largest of 5,648 plans among New York employers on file, and the 228th of 3,091 in educational services. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$252,233,475
Participants with balances890
Active participants426
Employer contributions$4,888,701
Employee contributions$4,570,489
Employer contribution per active participant$11,476
Average account balance$283,408
Benefits paid to participants$12,468,616
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$252.2M · 890 accts · $4.9M emplr
2023$229.0M · 862 accts · $4.4M emplr
2022$203.3M · 837 accts · $4.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,324
Investment management$71,237
Audit (IQPA)$14,805
Total administrative$207,359
Employer contributions to the Horace Mann School plan · 2024
Employer contribution per active participant$11,476
Median for plans this size$3,635
2024$11,476 per active participant
2023$11,118 per active participant
2022$10,470 per active participant

Horace Mann School's 2024 employer contribution ran above the $3,635 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 · 20244
TIAA · Recordkeeping · Pension consulting$97,327
WORLD INVESTMENT ADVISORS, LLC · Investment advisory (plan)$71,237
SCHULTE ROTH & ZABEL LLP · Legal$23,993
FORVIS MAZARS, LLP · Accounting / audit$14,805

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

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

Administrative cost history3
2024$207,359 · 0.09%
2023$78,690 · 0.04%
2022$139,154 · 0.06%
Same employer
Similar plansEducational Services · New York
The Dalton Schools, Inc. NY$260.5M · 0.06%
Pratt Institute NY$258.3M · 0.06%
Siena College NY$257.2M · 0.09%
Teach for America, Inc. NY$223.9M · 0.18%
Le Moyne College NY$222.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131740455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.