Plan Ledger DOL Form 5500 · updated monthly

Marquette University403(b)

MARQUETTE UNIVERSITY RETIREMENT PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Marquette University reported $314,529 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,957 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 0.040% to 0.035%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 38th-largest of 1,936 plans among Wisconsin employers on file, and the 55th of 3,091 in educational services. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 1,902 to 3,088 since 2022.

Plan summary
Net assets, end of year$926,033,149
Participants with balances4,249
Active participants3,088
Employer contributions$12,220,560
Employee contributions$15,351,750
Employer contribution per active participant$3,957
Average account balance$217,941
Benefits paid to participants$69,871,914
Plan auditUnmodified (clean) audit opinion
AuditorCOLEMAN & WILLIAMS
Plan history3
Yearassets · accounts · employer contribution
2024$926.0M · 4,249 accts · $12.2M emplr
2023$864.7M · 4,212 accts · $11.8M emplr
2022$779.1M · 4,161 accts · $11.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$220,735
Investment management$93,794
Total administrative$314,529
Employer contributions to the Marquette University plan · 2024
Employer contribution per active participant$3,957
Median for plans this size$4,294
2024$3,957 per active participant
2023$3,715 per active participant
2022$6,052 per active participant

Marquette University's 2024 employer contribution ran below the $4,294 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 · 20242
FRANCIS LLC · Investment management · Investment advisory (plan)$75,294
COLEMAN & WILLIAMS LTD · Other services$18,500

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$314,529 · 0.04%
2023$284,207 · 0.03%
2022$334,046 · 0.04%
Same employer
Similar plansEducational Services · Wisconsin
Educational Testing Service NJ$982.3M · 0.02%
Saint Louis University MO$962.4M · 0.05%
Research Foundation of Cuny NY$929.2M · 0.06%
Brandeis University MA$923.1M · 0.04%
University of Denver CO$908.8M · 0.05%
Wake Forest University NC$889.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390806251 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.