Lenoir-Rhyne University403(b)
RETIREMENT PLAN FOR EMPLOYEES OF LENOIR-RHYNE UNIVERSITY · HICKORY, NC · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Lenoir-Rhyne University reported $61,430 in plan administrative expenses for 2023: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,752 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 has held roughly steady near 0.111%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other educational services employers. By assets it is the 334th-largest of 2,005 plans among North Carolina employers on file, and the 829th of 3,091 in educational services. In 2023, employees put in $1.03 for every $1.00 the employer contributed.
Lenoir-Rhyne University's 2023 employer contribution ran below the $3,659 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 560556753 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.