Plan Ledger DOL Form 5500 · updated monthly

Leary Educational Foundation, Inc.401(k)

LEARY EDUCATIONAL FOUNDATION, INC. EMPLOYEE PROFIT SHARING PLAN · CROSS JUNCTION, VA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Leary Educational Foundation, Inc. reported $35,504 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $1,524 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 $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Virginia (1,670th of 2,266), and 2,344th of 3,091 in educational services. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 140 to 197 since 2022.

Plan summary
Net assets, end of year$6,867,778
Participants with balances218
Active participants197
Employer contributions$300,298
Employee contributions$591,105
Employer contribution per active participant$1,524
Average account balance$31,504
Benefits paid to participants$417,030
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 218 accts · $300K emplr
2023$5.7M · 191 accts · $216K emplr
2022$5.8M · 158 accts · $62K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,349
Investment management$12,155
Total administrative$35,504
The Leary Educational Foundation, Inc. 401(k) match · 2024
Employer contribution per active participant$1,524
Median for plans this size$1,313
2024$1,524 per active participant
2023$1,233 per active participant
2022$446 per active participant

Leary Educational Foundation, Inc.'s 2024 employer contribution ran above the $1,313 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,349
OSAIC WEALTH INC · Investment advisory (plan)$12,155

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$35,504 · 0.56%
2023$35,420 · 0.62%
2022$30,733 · 0.55%
Same employer
Similar plansEducational Services · Virginia
Teachstone Training, LLC VA$10.4M · 0.26%
Randolph Macon Academy VA$6.9M · 0.12%
J127 Education Foundation VA$6.5M · 0.55%
Congressional School VA$6.3M · 0.71%
The Faison Center, Inc. VA$5.3M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540885291 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.