Plan Ledger DOL Form 5500 · updated monthly

John Carroll University403(b)

JOHN CARROLL UNIVERSITY DEFINED CONTRIBUTION AND TAX DEFERRED ANNUITY RETIREMENT PLAN · UNIVERSITY HEIGHTS, OH · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

John Carroll University reported $280,340 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $3,653 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 0.11% to 0.14%. 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 206th-largest of 3,295 plans among Ohio employers on file, and the 270th of 3,091 in educational services. In 2024, employees put in $1.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$206,575,522
Participants with balances1,473
Active participants640
Employer contributions$2,338,064
Employee contributions$2,691,665
Employer contribution per active participant$3,653
Average account balance$140,241
Benefits paid to participants$14,899,142
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$206.6M · 1,473 accts · $2.3M emplr
2023$194.0M · 1,472 accts · $2.2M emplr
2022$180.7M · 1,476 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$230,005
Investment management$33,949
Audit (IQPA)$16,386
Total administrative$280,340
Employer contributions to the John Carroll University plan · 2024
Employer contribution per active participant$3,653
Median for plans this size$3,635
2024$3,653 per active participant
2023$3,597 per active participant
2022$3,514 per active participant

John Carroll University's 2024 employer contribution ran above the $3,635 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
CBIZ INVESTMENT ADVISORY SERVICES$33,949
FORVIS MAZARS, LLP · Accounting / audit$16,386

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

Administrative cost history3
2024$280,340 · 0.14%
2023$240,190 · 0.13%
2022$219,124 · 0.11%
Same employer
Similar plansEducational Services · Ohio
Denison University OH$310.4M · 0.10%
Ohio Northern University OH$252.8M · 0.10%
The College of Wooster OH$242.3M · 0.03%
Baldwin Wallace University OH$229.5M · 0.07%
Ohio Wesleyan University OH$194.3M · 0.03%
Antioch University OH$182.0M · 0.12%
Capital University OH$174.9M · 0.08%
Wittenberg University OH$151.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340714681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.