Plan Ledger DOL Form 5500 · updated monthly

Lubbock Christian University403(b)

LUBBOCK CHRISTIAN UNIVERSITY 403(B) PLAN · LUBBOCK, TX · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Lubbock Christian University reported $48,766 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,101 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 0.30% to 0.24%. 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 1,962nd-largest of 5,688 plans among Texas employers on file, and 1,568th of 3,091 in educational services. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,899,676
Participants with balances275
Active participants393
Employer contributions$432,845
Employee contributions$891,577
Employer contribution per active participant$1,101
Average account balance$75,999
Benefits paid to participants$2,011,225
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 275 accts · $433K emplr
2023$19.8M · 274 accts · $408K emplr
2022$18.3M · 275 accts · $417K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,766
Total administrative$48,766
Employer contributions to the Lubbock Christian University plan · 2024
Employer contribution per active participant$1,101
Median for plans this size$2,416
2024$1,101 per active participant
2023$1,102 per active participant
2022$1,108 per active participant

Lubbock Christian University's 2024 employer contribution ran below the $2,416 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$48,661

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$48,766 · 0.24%
2023$61,592 · 0.32%
2022$59,490 · 0.30%
Same employer
Similar plansEducational Services · Texas
The Lamplighter School TX$23.2M · 0.09%
The Oakridge School TX$23.1M · 0.00%
Sxsw LLC TX$23.1M · 0.43%
Imagination Station, Inc TX$21.5M · 0.03%
Trinity Christian Academy TX$20.0M · 0.34%
Alcuin School TX$17.4M · 0.18%
H.A.S.C., Inc. TX$17.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 750950119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.