Plan Ledger DOL Form 5500 · updated monthly

Institute for the Redesign of Learning403(b)

INSTITUTE FOR THE REDESIGN OF LEARNING 403(B) PROFIT/GAIN SHARING PLAN · SOUTH PASADENA, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Institute for the Redesign of Learning reported $6,755 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $975 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 0.080%. 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 California (5,750th of 9,483), and 2,193rd of 3,091 in educational services. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,949,628
Participants with balances345
Active participants299
Employer contributions$291,394
Employee contributions$350,448
Employer contribution per active participant$975
Average account balance$25,941
Benefits paid to participants$286,470
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 345 accts · $291K emplr
2023$8.0M · 328 accts · $279K emplr
2022$7.1M · 305 accts · $272K emplr
Administrative expenses, itemized · 2024
Investment management$6,755
Total administrative$6,755
Employer contributions to the Institute for the Redesign of Learning plan · 2024
Employer contribution per active participant$975
Median for plans this size$1,313
2024$975 per active participant
2023$938 per active participant
2022$918 per active participant

Institute for the Redesign of Learning'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.

Administrative cost history3
2024$6,755 · 0.08%
2023$3,335 · 0.04%
2022$5,575 · 0.08%
Similar plansEducational Services · California
Marymount High School CA$9.4M · 0.01%
Summer Search Foundation CA$9.1M · 0.28%
Point Quest, Inc. CA$8.8M · 0.63%
Park Day School CA$8.7M · 0.41%
American Film Institute CA$8.6M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 952904053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.