Plan Ledger DOL Form 5500 · updated monthly

Manzano Day School403(b)

MANZANO DAY SCHOOL DEFINED CONTRIBUTION PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Manzano Day School reported $37,793 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,859 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 0.24% to 0.31%. 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 116th-largest of 290 plans among New Mexico employers on file, and 1,932nd of 3,091 in educational services. In 2024, employees put in $1.01 for every $1.00 the employer contributed; active participation has grown from 130 to 149 since 2022.

Plan summary
Net assets, end of year$12,676,924
Participants with balances183
Active participants149
Employer contributions$277,000
Employee contributions$281,027
Employer contribution per active participant$1,859
Average account balance$69,273
Benefits paid to participants$1,203,601
Plan auditUnmodified (clean) audit opinion
AuditorLOFTIS & LOVATO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 183 accts · $277K emplr
2023$12.1M · 111 accts · $280K emplr
2022$10.9M · 179 accts · $276K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,793
Total administrative$37,793
Employer contributions to the Manzano Day School plan · 2024
Employer contribution per active participant$1,859
Median for plans this size$2,416
2024$1,859 per active participant
2023$2,060 per active participant
2022$2,122 per active participant

Manzano Day 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.

Administrative cost history3
2024$37,793 · 0.31%
2023$29,990 · 0.26%
2022$27,436 · 0.24%
Similar plansEducational Services · New Mexico
Albuquerque Academy NM$82.6M · 0.04%
Sandia Preparatory School NM$25.1M · 0.00%
Santa Fe Preparatory School NM$17.6M · 0.23%
Santa Fe Institute NM$12.3M · 0.00%
Bosque School NM$11.8M · 0.50%
Navajo Technical University NM$11.4M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850127993 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.