Plan Ledger DOL Form 5500 · updated monthly

Malone University Human Resources403(b)

MALONE UNIVERSITY 403(B) DC PLAN · CANTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Malone University Human Resources reported $70,923 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $499 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 0.19%. 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 784th-largest of 3,295 plans among Ohio employers on file, and the 1,087th of 3,091 in educational services. In 2024, employees put in $8.89 for every $1.00 the employer contributed; active participation has shrunk from 131 to 115 since 2022.

Plan summary
Net assets, end of year$39,254,076
Participants with balances374
Active participants115
Employer contributions$57,432
Employee contributions$510,617
Employer contribution per active participant$499
Average account balance$104,957
Benefits paid to participants$3,026,452
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 374 accts · $57K emplr
2023$37.3M · 379 accts · $56K emplr
2022$34.9M · 403 accts · $60K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,711
Investment management$15,212
Total administrative$70,923
Employer contributions to the Malone University Human Resources plan · 2024
Employer contribution per active participant$499
Median for plans this size$2,416
2024$499 per active participant
2023$461 per active participant
2022$460 per active participant

Malone University Human Resources'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 · 20242
CAPTRUST · Other services$7,759
TIAA · Other services$7,453

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$70,923 · 0.19%
2023$64,776 · 0.18%
2022$70,385 · 0.18%
Same employer
Similar plansEducational Services · Ohio
Hawken School OH$49.6M · 0.11%
Ohio Dominican University OH$43.3M · 0.15%
Laurel School OH$37.4M · 0.02%
Columbus School for Girls OH$37.2M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340737794 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.