Plan Ledger DOL Form 5500 · updated monthly

Kent Place School403(b)

KENT PLACE SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · SUMMIT, NJ · plan year 2025

Reported admin expense ratio · 2025
0.04%

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

Kent Place School reported $30,963 in plan administrative expenses for 2025: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,960 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 rose from 0.00% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 421st-largest of 2,419 plans among New Jersey employers on file, and the 657th of 3,091 in educational services. In 2025, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has grown from 172 to 234 since 2022.

Plan summary
Net assets, end of year$79,339,411
Participants with balances416
Active participants234
Employer contributions$1,394,711
Employee contributions$1,356,212
Employer contribution per active participant$5,960
Average account balance$190,720
Benefits paid to participants$3,729,006
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$79.3M · 416 accts · $1.4M emplr
2024$69.4M · 409 accts · $1.4M emplr
2023$60.8M · 416 accts · $1.3M emplr
2022$51.4M · 415 accts · $1.3M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$30,963
Total administrative$30,963
Employer contributions to the Kent Place School plan · 2025
Employer contribution per active participant$5,960
Median for plans this size$4,093
2025$5,960 per active participant
2024$5,981 per active participant
2023$5,904 per active participant
2022$7,351 per active participant

Kent Place School's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PKF O'CONNOR DAVIES LLP · Accounting / audit$16,353
FIDUCIENT ADVISORS, LLC · Investment advisory (plan)$14,069
TIAA · Contract administrator · Loan processing$774

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

Administrative cost history4
2025$30,963 · 0.04%
2024$7,185 · 0.01%
2023$632 · 0.00%
2022$360 · 0.00%
Same employer
Similar plansEducational Services · New Jersey
Dwight-Englewood School NJ$90.2M · 0.06%
The Peddie School NJ$87.8M · 0.04%
The Pingry Corporation NJ$80.7M · 0.02%
Blair Academy NJ$78.3M · 0.16%
Saint Peter's University NJ$76.0M · 0.02%
Berlitz Corporation NJ$74.8M · 0.05%
Georgian Court University NJ$74.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221487233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.