Plan Ledger DOL Form 5500 · updated monthly

Lipscomb University403(b)

LIPSCOMB UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Lipscomb University reported $161,986 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $1,977 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 rose from 0.10% to 0.11%. 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 118th-largest of 1,496 plans among Tennessee employers on file, and the 355th of 3,091 in educational services. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 809 to 1,231 since 2022.

Plan summary
Net assets, end of year$152,169,372
Participants with balances1,240
Active participants1,231
Employer contributions$2,433,671
Employee contributions$4,466,552
Employer contribution per active participant$1,977
Average account balance$122,717
Benefits paid to participants$14,063,554
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$152.2M · 1,240 accts · $2.4M emplr
2023$141.4M · 1,210 accts · $2.2M emplr
2022$122.8M · 1,171 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,596
Investment management$94,390
Total administrative$161,986
Employer contributions to the Lipscomb University plan · 2024
Employer contribution per active participant$1,977
Median for plans this size$3,635
2024$1,977 per active participant
2023$1,661 per active participant
2022$2,695 per active participant

Lipscomb University's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
TIAA · Recordkeeping · Pension consulting$71,712
SHEPHERD FINANCIAL INV ADVISORY,LLC · Investment advisory (plan)$90,379

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$161,986 · 0.11%
2023$153,502 · 0.12%
2022$138,050 · 0.10%
Same employer
Similar plansEducational Services · Tennessee
Vanderbilt University TN$2.5B · 0.03%
Rhodes College TN$173.9M · 0.00%
Meharry Medical College TN$136.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620485733 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.