Plan Ledger DOL Form 5500 · updated monthly

Meharry Medical College403(b)

MEHARRY MEDICAL COLLEGE DEFINED CONTRIBUTION PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Meharry Medical College reported $240,174 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,675 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 0.16% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 133rd-largest of 1,496 plans among Tennessee employers on file, and the 403rd of 3,091 in educational services. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has shrunk from 1,867 to 1,375 since 2022.

Plan summary
Net assets, end of year$136,087,775
Participants with balances1,517
Active participants1,375
Employer contributions$2,303,713
Employee contributions$4,197,132
Employer contribution per active participant$1,675
Average account balance$89,708
Benefits paid to participants$9,551,620
Plan auditUnmodified (clean) audit opinion
AuditorCROSSLIN, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$136.1M · 1,517 accts · $2.3M emplr
2023$125.4M · 1,979 accts · $2.1M emplr
2022$112.6M · 1,981 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$240,174
Total administrative$240,174
Employer contributions to the Meharry Medical College plan · 2024
Employer contribution per active participant$1,675
Median for plans this size$3,635
2024$1,675 per active participant
2023$1,128 per active participant
2022$1,099 per active participant

Meharry Medical College's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
VALIC RETIREMENT SERVICE COMPANY · Custodial (securities) · Investment advisory (participants)$240,172
VARIABLE ANNUITY LIFE INSURANCE CO, · Custodial (securities) · Investment advisory (participants)$2

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$240,174 · 0.18%
2023$208,794 · 0.18%
2022$196,425 · 0.16%
Same employer
Similar plansEducational Services · Tennessee
Rhodes College TN$173.9M · 0.00%
Lipscomb University TN$152.2M · 0.11%
Baylor School Dc Plan TN$76.7M · 0.09%
Lincoln Memorial University TN$73.2M · 0.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 620488046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.