Plan Ledger DOL Form 5500 · updated monthly

Kents Hill School403(b)

KENTS HILL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · KENTS HILL, ME · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Kents Hill School reported $24,998 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,922 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 0.14% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 160th-largest of 354 plans among Maine employers on file, and 1,699th of 3,091 in educational services. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 78 to 89 since 2022.

Plan summary
Net assets, end of year$17,375,416
Participants with balances244
Active participants89
Employer contributions$260,086
Employee contributions$557,521
Employer contribution per active participant$2,922
Average account balance$71,211
Benefits paid to participants$1,838,591
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 244 accts · $260K emplr
2023$16.4M · 240 accts · $259K emplr
2022$15.0M · 230 accts · $214K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,998
Total administrative$24,998
Employer contributions to the Kents Hill School plan · 2024
Employer contribution per active participant$2,922
Median for plans this size$2,416
2024$2,922 per active participant
2023$3,048 per active participant
2022$2,748 per active participant

Kents Hill School's 2024 employer contribution ran above the $2,416 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 · 20241

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$24,998 · 0.15%
2023$23,412 · 0.15%
2022$19,648 · 0.14%
Similar plansEducational Services · Maine
Thomas College ME$23.1M · 0.16%
Unity College ME$20.4M · 0.09%
Gould Academy ME$17.9M · 0.15%
Hyde Schools ME$15.9M · 0.07%
Cheverus High School ME$12.4M · 0.12%
Generation US ME$12.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010211532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.