Plan Ledger DOL Form 5500 · updated monthly

Lesley University403(b)

LESLEY UNIVERSITY RETIREMENT PLAN · CAMBRIDGE, MA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Lesley University reported $171,015 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,290 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 0.089%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 262nd-largest of 2,726 plans among Massachusetts employers on file, and the 285th of 3,091 in educational services. In 2024, employees put in $1.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$195,978,220
Participants with balances1,539
Active participants708
Employer contributions$2,329,248
Employee contributions$3,010,409
Employer contribution per active participant$3,290
Average account balance$127,341
Benefits paid to participants$20,489,018
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$196.0M · 1,539 accts · $2.3M emplr
2023$189.6M · 1,553 accts · $2.5M emplr
2022$173.8M · 1,574 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,960
Investment management$47,528
Audit (IQPA)$19,160
Total administrative$171,015
Employer contributions to the Lesley University plan · 2024
Employer contribution per active participant$3,290
Median for plans this size$3,635
2024$3,290 per active participant
2023$3,508 per active participant
2022$3,440 per active participant

Lesley University's 2024 employer contribution ran below the $3,635 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 · 20243
TIAA · Recordkeeping · Pension consulting$103,961
FIDUCIENT ADVISORS, LLC · Investment management$47,528
CBIZ CPAS P.C. · Accounting / audit$19,160

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$171,015 · 0.09%
2023$151,387 · 0.08%
2022$170,192 · 0.09%
Same employer
Similar plansEducational Services · Massachusetts
Stonehill College MA$239.9M · 0.10%
Ef Services, Inc. MA$230.2M · 0.17%
Wheaton College MA$213.5M · 0.08%
Merrimack College MA$184.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.