Plan Ledger DOL Form 5500 · updated monthly

Lee Montessori Public Charter School403(b)

LEE MONTESSORI PUBLIC CHARTER SCHOOL 403(B) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Lee Montessori Public Charter School reported $4,556 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,407 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 1 year on file its reported administrative ratio rose from 0.07% to 0.28%. 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 District of Columbia (582nd of 618), and 2,891st of 3,091 in educational services. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,777,035
Participants with balances103
Active participants98
Employer contributions$137,838
Employee contributions$174,886
Employer contribution per active participant$1,407
Average account balance$17,253
Benefits paid to participants$182,677
Plan auditUnmodified (clean) audit opinion
AuditorJONES, MARESCA & MCELWANEY
Plan history2
Yearassets · accounts · employer contribution
2024$1.8M · 103 accts · $138K emplr
2023$1.4M · 118 accts · $103K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,556
Total administrative$4,556
Employer contributions to the Lee Montessori Public Charter School plan · 2024
Employer contribution per active participant$1,407
Median for plans this size$1,313
2024$1,407 per active participant
2023$1,073 per active participant

Lee Montessori Public Charter School'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$4,556
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 history2
2024$4,556 · 0.28%
2023$960 · 0.07%
Similar plansEducational Services · District of Columbia
Centronia DC$2.1M · 1.23%
Potomac College, LLC DC$2.1M · 0.89%
Alliance Strategies, Inc. TX$1.8M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454726453 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.