Plan Ledger DOL Form 5500 · updated monthly

Key School, Inc.403(b)

RETIREMENT PLAN FOR THE PERSONNEL OF THE KEY SCHOOL · ANNAPOLIS, MD · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Key School, Inc. reported $10,254 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,355 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 0.04% to 0.03%. 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 376th-largest of 1,671 plans among Maryland employers on file, and the 1,059th of 3,091 in educational services. In 2024, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,144,607
Participants with balances321
Active participants187
Employer contributions$440,426
Employee contributions$949,577
Employer contribution per active participant$2,355
Average account balance$128,176
Benefits paid to participants$1,929,080
Plan auditUnmodified (clean) audit opinion
AuditorALTA CPA GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$41.1M · 321 accts · $440K emplr
2023$37.2M · 308 accts · $415K emplr
2022$34.4M · 323 accts · $388K emplr
Administrative expenses, itemized · 2024
Investment management$10,254
Total administrative$10,254
Employer contributions to the Key School, Inc. plan · 2024
Employer contribution per active participant$2,355
Median for plans this size$2,416
2024$2,355 per active participant
2023$2,266 per active participant
2022$2,066 per active participant

Key School, Inc.'s 2024 employer contribution ran below 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 · 20243
ALTA CPA GROUP · Accounting / audit$9,000
LINCOLN FINANCIALCORPORATION · Contract administrator$800
TIAA TEACHERS INSURANCE & ANNUITY A · Contract administrator$452

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$10,254 · 0.03%
2023$10,872 · 0.03%
2022$12,004 · 0.04%
Same employer
Similar plansEducational Services · Maryland
Education Affiliates, Inc. MD$46.7M · 0.65%
Bullis School Inc. MD$44.8M · 0.00%
Teaching Strategies, LLC MD$40.5M · 0.03%
French International School MD$35.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520701774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.