Plan Ledger DOL Form 5500 · updated monthly

Lancaster Bible College403(b)

LANCASTER BIBLE COLLEGE RETIREMENT PLAN · LANCASTER, PA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Lancaster Bible College reported $1,306 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,460 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 0.00% to 0.01%. 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 1,667th-largest of 3,651 plans among Pennsylvania employers on file, and 1,690th of 3,091 in educational services. In 2024, employees put in $1.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,595,071
Participants with balances431
Active participants244
Employer contributions$600,278
Employee contributions$704,159
Employer contribution per active participant$2,460
Average account balance$40,824
Benefits paid to participants$1,539,487
Plan auditUnmodified (clean) audit opinion
AuditorTAIT, WELLER & BAKER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.6M · 431 accts · $600K emplr
2023$15.9M · 443 accts · $614K emplr
2022$14.2M · 445 accts · $618K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,306
Total administrative$1,306
Employer contributions to the Lancaster Bible College plan · 2024
Employer contribution per active participant$2,460
Median for plans this size$2,416
2024$2,460 per active participant
2023$2,399 per active participant
2022$2,307 per active participant

Lancaster Bible College'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 · 20242
AXA EQUITABLE LIFE INSURANCE CO · Loan processing · Investment management$197

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$1,306 · 0.01%
2023$1,269 · 0.01%
2022$372 · 0.00%
Same employer
Similar plansEducational Services · Pennsylvania
Cairn University PA$20.8M · 0.47%
The Philadelphia School PA$20.8M · 0.43%
Goddard Systems, Inc. PA$15.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231484178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.