Plan Ledger DOL Form 5500 · updated monthly

Memphis University School403(b)

MEMPHIS UNIVERSITY SCHOOL DC PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Memphis University School reported $18,592 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,954 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 0.04% to 0.05%. 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 367th-largest of 1,496 plans among Tennessee employers on file, and the 1,165th of 3,091 in educational services. In 2024, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,142,307
Participants with balances205
Active participants159
Employer contributions$469,733
Employee contributions$588,825
Employer contribution per active participant$2,954
Average account balance$171,426
Benefits paid to participants$3,635,128
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.1M · 205 accts · $470K emplr
2023$33.6M · 196 accts · $441K emplr
2022$29.3M · 193 accts · $421K emplr
Employer contributions to the Memphis University School plan · 2024
Employer contribution per active participant$2,954
Median for plans this size$2,416
2024$2,954 per active participant
2023$2,756 per active participant
2022$2,633 per active participant

Memphis University School'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 · 20242
TIAA TEACHERS INSURANCE AND ANNUITY · Recordkeeping · Investment management$9,292
FORVIS, LLP · Accounting / audit$9,975

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$18,592 · 0.05%
2023$15,796 · 0.05%
2022$13,577 · 0.04%
Same employer
Similar plansEducational Services · Tennessee
Harpeth Hall School TN$45.0M · 0.06%
Maryville College TN$34.2M · 0.32%
St. Mary's Episcopal School TN$27.7M · 0.15%
Franklin Road Academy TN$27.3M · 0.07%
The Hutchison School TN$27.2M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 620545618 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.