Plan Ledger DOL Form 5500 · updated monthly

Livingstone College403(b)

LIVINGSTONE COLLEGE DEFINED CONTRIBUTION PLAN · SALISBURY, NC · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Livingstone College reported $19,993 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,269 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 0.15% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in North Carolina (1,089th of 2,005), and 2,087th of 3,091 in educational services. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has grown from 154 to 184 since 2022.

Plan summary
Net assets, end of year$10,369,792
Participants with balances257
Active participants184
Employer contributions$233,415
Employee contributions$448,203
Employer contribution per active participant$1,269
Average account balance$40,349
Benefits paid to participants$777,989
Plan auditUnmodified (clean) audit opinion
AuditorMURPHY AND COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 257 accts · $233K emplr
2023$9.5M · 258 accts · $198K emplr
2022$8.6M · 223 accts · $193K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,993
Total administrative$19,993
The Livingstone College 401(k) match · 2024
Employer contribution per active participant$1,269
Median for plans this size$1,313
2024$1,269 per active participant
2023$1,119 per active participant
2022$1,254 per active participant

Livingstone College's 2024 employer contribution ran below the $1,313 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 · 20241
TIAA · Recordkeeping$20,668

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$19,993 · 0.20%
2023$15,782 · 0.17%
2022$14,212 · 0.15%
Similar plansEducational Services · North Carolina
The Roger Bacon Academy NC$11.2M · 0.64%
Duke School NC$11.1M · 0.33%
Montreat College NC$9.7M · 0.27%
Bennett College NC$8.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560603922 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.