Plan Ledger DOL Form 5500 · updated monthly

Lebanese American University403(b)

THE LEBANESE AMERICAN UNIVERSITY 403(B) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Lebanese American University reported $9,360 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,686 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 fell from 0.03% to 0.02%. 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 1,537th-largest of 5,648 plans among New York employers on file, and the 1,035th of 3,091 in educational services. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 92 to 209 since 2022.

Plan summary
Net assets, end of year$42,394,683
Participants with balances245
Active participants209
Employer contributions$979,455
Employee contributions$1,145,537
Employer contribution per active participant$4,686
Average account balance$173,040
Benefits paid to participants$2,081,747
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE MORAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$42.4M · 245 accts · $979K emplr
2023$37.8M · 225 accts · $709K emplr
2022$32.9M · 236 accts · $391K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,360
Total administrative$9,360
Employer contributions to the Lebanese American University plan · 2024
Employer contribution per active participant$4,686
Median for plans this size$2,416
2024$4,686 per active participant
2023$3,772 per active participant
2022$4,247 per active participant

Lebanese American University's 2024 employer contribution ran above the $2,416 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.

Administrative cost history3
2024$9,360 · 0.02%
2023$8,912 · 0.03%
2022$9,259 · 0.03%
Similar plansEducational Services · New York
Avenues World Holdings, LLC NY$44.9M · 0.36%
Wildwood Programs NY$44.9M · 0.02%
Keuka College NY$44.0M · 0.11%
Green Vale School NY$44.0M · 0.06%
Portledge School NY$38.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 986001269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.