Plan Ledger DOL Form 5500 · updated monthly

Inly School403(b)

INLY SCHOOL 403(B) DC PLAN · SCITUATE, MA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Inly School reported $27,413 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $1,046 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 1 year on file its reported administrative ratio rose from 0.38% to 0.41%. 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 Massachusetts (2,145th of 2,726), and 2,326th of 3,091 in educational services. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,072,590
Participants with balances118
Active participants114
Employer contributions$119,292
Employee contributions$213,453
Employer contribution per active participant$1,046
Average account balance$59,937
Benefits paid to participants$271,030
Plan auditDisclaimer of opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.1M · 118 accts · $119K emplr
2023$6.2M · 106 accts · $107K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,413
Total administrative$27,413
Employer contributions to the Inly School plan · 2024
Employer contribution per active participant$1,046
Median for plans this size$1,313
2024$1,046 per active participant
2023$812 per active participant

Inly School's 2024 employer contribution ran below 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 · 20243
TIAA TEACHERS INSURANCE AND ANNUITY · Contract administrator$12,139
GLOBAL RETIREMENT PARTNERS, LLC-H/O · Investment advisory (plan)$7,797
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$7,477

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

Administrative cost history2
2024$27,413 · 0.41%
2023$22,985 · 0.38%
Similar plansEducational Services · Massachusetts
Hillside School, Inc MA$8.6M · 0.00%
The Rashi School, Inc. MA$6.6M · 0.45%
Teach Plus Incorporated MA$6.6M · 0.03%
The Bottom Line, Inc. MA$6.6M · 0.90%
Uaspire, Inc. MA$6.5M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042526455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.