Plan Ledger DOL Form 5500 · updated monthly

Indian Creek School403(b)

INDIAN CREEK SCHOOL 403(B) DC PLAN · CROWNSVILLE, MD · plan year 2024

Employer contribution per participant · 2024
$1,468

Indian Creek School's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $18,704,023 across 245 participant accounts, with employer contributions averaging $1,468 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 689th-largest of 1,671 plans among Maryland employers on file, and 1,635th of 3,091 in educational services. In 2024, employees put in $3.03 for every $1.00 the employer contributed; active participation has grown from 98 to 110 since 2022.

Plan summary
Net assets, end of year$18,704,023
Participants with balances245
Active participants110
Employer contributions$161,433
Employee contributions$489,839
Employer contribution per active participant$1,468
Average account balance$76,343
Benefits paid to participants$774,908
Plan auditUnmodified (clean) audit opinion
AuditorELLIN AND TUCKER
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 245 accts · $161K emplr
2023$16.5M · 242 accts · $153K emplr
2022$14.0M · 239 accts · $146K emplr
Employer contributions to the Indian Creek School plan · 2024
Employer contribution per active participant$1,468
Median for plans this size$2,416
2024$1,468 per active participant
2023$1,581 per active participant
2022$1,491 per active participant

Indian Creek School's 2024 employer contribution ran below 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansEducational Services · Maryland
Washington Episcopal School MD$22.7M · 0.10%
Innovative Learning, Inc. MD$21.9M · 0.09%
Calvert School MD$21.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520967384 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.