Plan Ledger DOL Form 5500 · updated monthly

Lakeland Christian School, Inc.403(b)

LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN · LAKELAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Lakeland Christian School, Inc. reported $50,346 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $2,499 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 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is the 1,794th-largest of 3,644 plans among Florida employers on file, and the 1,668th of 3,341 in other services. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,872,966
Participants with balances190
Active participants147
Employer contributions$367,394
Employee contributions$485,806
Employer contribution per active participant$2,499
Average account balance$51,963
Benefits paid to participants$435,748
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 190 accts · $367K emplr
2023$8.3M · 173 accts · $322K emplr
2022$7.5M · 171 accts · $306K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,346
Total administrative$50,346
Employer contributions to the Lakeland Christian School, Inc. plan · 2024
Employer contribution per active participant$2,499
Median for plans this size$1,313
2024$2,499 per active participant
2023$2,253 per active participant
2022$2,138 per active participant

Lakeland Christian School, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$50,345
LPL FINANCIAL LLC · Other servicesindirect comp

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$50,346 · 0.55%
2023$42,180 · 0.54%
2022$38,581 · 0.56%
Same employer
Similar plansOther Services · Florida
Alliance for Aging, Inc. FL$9.4M · 0.02%
Lost Tree Club, Inc. FL$9.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590730067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.