Plan Ledger DOL Form 5500 · updated monthly

Kent School Corporation403(b)

KENT SCHOOL DC RETIREMENT PLAN · KENT, CT · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Kent School Corporation reported $173,277 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,859 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 0.17% to 0.24%. 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 238th-largest of 1,106 plans among Connecticut employers on file, and the 684th of 3,091 in educational services. In 2024, the employer put in $1.17 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$74,702,270
Participants with balances609
Active participants266
Employer contributions$1,824,423
Employee contributions$1,561,426
Employer contribution per active participant$6,859
Average account balance$122,664
Benefits paid to participants$6,741,960
Plan auditDisclaimer of opinion
AuditorMEYERS BROTHERS KALICKA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$74.7M · 609 accts · $1.8M emplr
2023$70.3M · 614 accts · $1.7M emplr
2022$61.6M · 588 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,277
Total administrative$173,277
Employer contributions to the Kent School Corporation plan · 2024
Employer contribution per active participant$6,859
Median for plans this size$3,635
2024$6,859 per active participant
2023$6,370 per active participant
2022$5,840 per active participant

Kent School Corporation's 2024 employer contribution ran above the $3,635 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 · 20243
FIDUCIENT ADVISORS LLC$36,989
THE ANGELL PENSION GROUP, INC.$12,246

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$173,277 · 0.24%
2023$168,609 · 0.26%
2022$99,354 · 0.17%
Same employer
Similar plansEducational Services · Connecticut
Aifs, Inc. CT$106.9M · 0.11%
Achievement First, Inc. CT$98.8M · 0.58%
Hopkins School CT$90.7M · 0.02%
Miss Porters School, Inc. CT$64.1M · 0.14%
Greens Farms Academy, Inc. CT$63.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060646687 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.