Plan Ledger DOL Form 5500 · updated monthly

Kansas State University Foundation403(b)

KANSAS STATE UNIVERSITY FOUNDATION DEFINED CONTRIBUTION RETIREMENT PLAN · MANHATTAN, KS · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Kansas State University Foundation reported $61,884 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $7,861 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 fell from 0.27% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 180th-largest of 828 plans among Kansas employers on file, and the 602nd of 3,341 in other services. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has grown from 160 to 183 since 2022.

Plan summary
Net assets, end of year$36,081,179
Participants with balances322
Active participants183
Employer contributions$1,438,495
Employee contributions$1,349,324
Employer contribution per active participant$7,861
Average account balance$112,053
Benefits paid to participants$5,198,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.1M · 322 accts · $1.4M emplr
2023$33.7M · 326 accts · $1.4M emplr
2022$30.6M · 314 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,156
Investment management$12,728
Total administrative$61,884
Employer contributions to the Kansas State University Foundation plan · 2024
Employer contribution per active participant$7,861
Median for plans this size$2,416
2024$7,861 per active participant
2023$7,579 per active participant
2022$7,549 per active participant

Kansas State University Foundation's 2024 employer contribution ran above the $2,416 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$49,156
PRIME CAPITAL INVESTMENT ADVISORS · Investment management$12,728

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$61,884 · 0.18%
2023$75,570 · 0.23%
2022$88,631 · 0.27%
Same employer
Similar plansOther Services · Kansas
Blue Beacon, Inc. KS$147.1M · 0.30%
Wachter, Inc. KS$79.9M · 0.15%
Cstk Inc. KS$37.2M · 0.18%
Unbound KS$22.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480667209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.