How much does Lane College contribute to its 403(b)?

In 2019, employer contributions to the Lane College plan averaged $691 per active participant, below the $892 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Lane College 401(k)?

The average participant account balance was $5,833 for plan year 2019, based on 458 accounts.

Lane College403(b)

Name: Lane College 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LANE COLLEGE 403(B) RETIREMENT PLAN · JACKSON, TN · plan year 2019

Employer contribution per participant · 2019

$691

Lane College's 2019 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,671,646 across 458 participant accounts, with employer contributions averaging $691 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 238 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Tennessee (1,250th of 1,496), and 2,771st of 3,091 in educational services.

Plan summary
Net assets, end of year$2,671,646
Participants with balances458
Active participants376
Employer contributions$259,703
Employee contributions—
Employer contribution per active participant$691
Average account balance$5,833
Benefits paid to participants$123,426
Plan auditDisclaimer of opinion
AuditorHOSKINS & COMPANY

Employer contributions to the Lane College plan · 2019

Employer contribution per active participant$691

Median for plans this size$892

Lane College's 2019 employer contribution ran below the $892 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.

Similar plansEducational Services · Tennessee
Donelson Christian Academy TN$4.9M · 0.44%
Nashville Christian Schools Inc. TN$3.2M · 0.01%
Trinity Christian Academy TN$3.1M · 0.50%
Michael Dunn Center TN$2.7M · 0.87%
L.B.J. & C. Development Corporation TN$2.7M · 0.27%
Republic Schools, Inc. TN$2.7M · 0.20%
Christian Education, Inc. dba Ez TN$1.2M · 1.56%
Cornerstone Academy, Inc. TN$53K

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Source: U.S. Department of Labor, Form 5500 series, EIN 620570060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.