Plan Ledger DOL Form 5500 · updated monthly

McLean School of Maryland403(b)

MCLEAN SCHOOL OF MARYLAND RETIREMENT PLAN · POTOMAC, MD · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

McLean School of Maryland reported $107,690 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,813 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 0.33% to 0.35%. 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 450th-largest of 1,671 plans among Maryland employers on file, and the 1,242nd of 3,091 in educational services. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,891,528
Participants with balances330
Active participants143
Employer contributions$402,222
Employee contributions$785,124
Employer contribution per active participant$2,813
Average account balance$96,641
Benefits paid to participants$1,650,912
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN SONDBERG WIMBISH & STONE, PA
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 330 accts · $402K emplr
2023$28.9M · 337 accts · $331K emplr
2022$25.9M · 326 accts · $338K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,690
Total administrative$107,690
Employer contributions to the McLean School of Maryland plan · 2024
Employer contribution per active participant$2,813
Median for plans this size$2,416
2024$2,813 per active participant
2023$2,332 per active participant
2022$2,397 per active participant

McLean School of Maryland's 2024 employer contribution ran above 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.

Service providers · 20244
TIAA$39,072
RAFFA RETIREMENT DBA GRP, LLC · Investment advisory (plan)$37,666
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$22,000
MULLEN, SONDBERG, WIMBISH & STONE · Accounting / audit$6,500

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$107,690 · 0.35%
2023$78,346 · 0.29%
2022$80,657 · 0.33%
Same employer
Similar plansEducational Services · Maryland
French International School MD$35.5M · 0.02%
Glenelg Country School MD$34.5M · 0.00%
The Foundation Schools MD$28.2M · 0.04%
Washington Episcopal School MD$27.8M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521117092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.