Plan Ledger DOL Form 5500 · updated monthly

King's Ridge Christian School403(b)

KING'S RIDGE CHRISTIAN SCHOOL 403(B) PLAN · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

King's Ridge Christian School reported $58,394 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,571 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 has held roughly steady near 0.56%. 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 among the smaller plans on file in Georgia (1,207th of 2,160), and 2,063rd of 3,091 in educational services. In 2024, employees put in $2.93 for every $1.00 the employer contributed; active participation has shrunk from 253 to 172 since 2022.

Plan summary
Net assets, end of year$10,666,652
Participants with balances279
Active participants172
Employer contributions$270,268
Employee contributions$790,851
Employer contribution per active participant$1,571
Average account balance$38,232
Benefits paid to participants$1,990,157
Plan auditUnmodified (clean) audit opinion
AuditorJONES AND KOLB
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 279 accts · $270K emplr
2023$10.3M · 272 accts · $64K emplr
2022$9.3M · 274 accts · $211K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,394
Total administrative$58,394
Employer contributions to the King's Ridge Christian School plan · 2024
Employer contribution per active participant$1,571
Median for plans this size$2,416
2024$1,571 per active participant
2023$294 per active participant
2022$833 per active participant

King's Ridge Christian School'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 · 20242
PRINCIPAL LIFE INSURANCE CO · Contract administrator · Loan processing$55,315
ERISA SERVICES INC · Contract administrator · Other services$3,076

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$58,394 · 0.56%
2023$14,671 · 0.15%
2022$50,352 · 0.58%
Similar plansEducational Services · Georgia
The Children's School, Inc. GA$11.1M · 0.26%
High Meadows School, Inc. GA$10.5M · 0.02%
Landmark Christian School GA$10.0M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582600863 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.