Plan Ledger DOL Form 5500 · updated monthly

Meeting Street Schools403(b)

MEETING STREET SCHOOLS 403(B) PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Meeting Street Schools reported $84,531 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,856 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 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in South Carolina (428th of 807), and 2,136th of 3,091 in educational services. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,746,873
Participants with balances498
Active participants326
Employer contributions$605,014
Employee contributions$1,363,868
Employer contribution per active participant$1,856
Average account balance$19,572
Benefits paid to participants$861,016
Plan auditUnmodified (clean) audit opinion
AuditorELLIOT DAVIS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 498 accts · $605K emplr
2023$7.7M · 506 accts · $476K emplr
2022$5.5M · 402 accts · $405K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,531
Total administrative$84,531
Employer contributions to the Meeting Street Schools plan · 2024
Employer contribution per active participant$1,856
Median for plans this size$1,313
2024$1,856 per active participant
2023$1,252 per active participant
2022$1,130 per active participant

Meeting Street Schools's 2024 employer contribution ran above the $1,313 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
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$17,785
WELLTH ADVISORY SERVICES LLC · Investment advisory (plan)$11,926
EMPOWER ADVISORY GROUP, LLC · Investment management$8,076

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$84,531 · 0.97%
2023$65,100 · 0.99%
2022$56,208 · 0.99%
Same employer
Similar plansEducational Services · South Carolina
Hammond School SC$15.8M · 0.00%
Southside Christian School SC$12.8M · 0.21%
Legacy Advancement SC$7.1M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204587841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.