Plan Ledger DOL Form 5500 · updated monthly

Lincoln Memorial University403(b)

LINCOLN MEMORIAL UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · HARROGATE, TN · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Lincoln Memorial University reported $204,185 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,308 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 0.30%. 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 219th-largest of 1,496 plans among Tennessee employers on file, and the 692nd of 3,091 in educational services. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 937 to 1,137 since 2022.

Plan summary
Net assets, end of year$73,190,328
Participants with balances1,607
Active participants1,137
Employer contributions$2,623,723
Employee contributions$3,665,080
Employer contribution per active participant$2,308
Average account balance$45,545
Benefits paid to participants$5,426,558
Plan auditUnmodified (clean) audit opinion
AuditorRODEFER MOSS & CO, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$73.2M · 1,607 accts · $2.6M emplr
2023$64.6M · 1,510 accts · $2.6M emplr
2022$56.1M · 1,392 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,108
Investment management$110,077
Total administrative$204,185
Employer contributions to the Lincoln Memorial University plan · 2024
Employer contribution per active participant$2,308
Median for plans this size$3,635
2024$2,308 per active participant
2023$2,458 per active participant
2022$2,200 per active participant

Lincoln Memorial 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 · 20244
MILLENNIUM ADVISORY SERVICES$100,424
SAGEVIEW ADVISORY GROUP, LLC$12,153
SAGEVIEW ADVISORY GROUP, LLC$5,683

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$204,185 · 0.30%
2023$168,127 · 0.28%
2022$170,328 · 0.29%
Same employer
Similar plansEducational Services · Tennessee
Meharry Medical College TN$136.1M · 0.18%
Baylor School Dc Plan TN$76.7M · 0.09%
Lee University TN$66.5M · 0.04%
The McCallie School TN$64.7M · 0.04%
Freed-Hardeman University TN$47.1M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620479542 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.