Plan Ledger DOL Form 5500 · updated monthly

Mason Classical Academy, Inc403(b)

MASON CLASSICAL ACADEMY 403(B) · NAPLES, FL · plan year 2022

Reported admin expense ratio · 2022
1.28%

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

Mason Classical Academy, Inc reported $18,360 in plan administrative expenses for 2022: 1.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,363 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Florida (3,178th of 3,644), and 2,901st of 3,091 in educational services. In 2022, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,710,001
Participants with balances77
Active participants125
Employer contributions$170,434
Employee contributions$233,488
Employer contribution per active participant$1,363
Average account balance$22,208
Benefits paid to participants$25,046
Plan auditUnmodified (clean) audit opinion
AuditorDAVIS GROUP PA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$18,357
Investment management$3
Total administrative$18,360
Employer contributions to the Mason Classical Academy, Inc plan · 2022
Employer contribution per active participant$1,363
Median for plans this size$1,114

Mason Classical Academy, Inc's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$18,360 · 1.28%
Same employer
Similar plansEducational Services · Florida
Kipp of Jacksonville FL$1.7M · 0.92%
Alexander School, Inc. FL$1.5M · 0.81%
Guadalupe Center, Inc. FL$1.4M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460792829 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.