Plan Ledger DOL Form 5500 · updated monthly

Lincoln School403(b)

LINCOLN SCHOOL 403(B) RETIREMENT PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Lincoln School reported $45,480 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $1,832 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 0.16% to 0.15%. 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 91st-largest of 286 plans among Rhode Island employers on file, and the 1,252nd of 3,091 in educational services. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has grown from 110 to 185 since 2022.

Plan summary
Net assets, end of year$31,503,261
Participants with balances367
Active participants185
Employer contributions$338,890
Employee contributions$698,115
Employer contribution per active participant$1,832
Average account balance$85,840
Benefits paid to participants$1,679,634
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.5M · 367 accts · $339K emplr
2023$29.1M · 359 accts · $323K emplr
2022$27.5M · 348 accts · $293K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,480
Total administrative$45,480
Employer contributions to the Lincoln School plan · 2024
Employer contribution per active participant$1,832
Median for plans this size$2,416
2024$1,832 per active participant
2023$2,606 per active participant
2022$2,660 per active participant

Lincoln School's 2024 employer contribution ran below the $2,416 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
BLACK POINT WEALTH MGMT - J HARRIS$24,580
PKF O'CONNOR DAVIES LLP$15,000
THE ANGELL PENSION GROUP, INC.$5,375

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$45,480 · 0.15%
2023$35,167 · 0.12%
2022$43,067 · 0.16%
Same employer
Similar plansEducational Services · Rhode Island
Salve Regina University RI$129.1M · 0.11%
The Wheeler School RI$70.3M · 0.11%
St. George's School RI$58.8M · 0.04%
The Gordon School RI$22.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050258900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.