Plan Ledger DOL Form 5500 · updated monthly

Messiah University403(b)

MESSIAH UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · MECHANICSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Messiah University reported $412,445 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,043 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 fell from 0.26% to 0.24%. 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 315th-largest of 3,651 plans among Pennsylvania employers on file, and the 316th of 3,091 in educational services. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has grown from 1,516 to 2,313 since 2022.

Plan summary
Net assets, end of year$176,380,118
Participants with balances1,183
Active participants2,313
Employer contributions$2,413,225
Employee contributions$3,078,947
Employer contribution per active participant$1,043
Average account balance$149,096
Benefits paid to participants$11,832,557
Plan auditUnmodified (clean) audit opinion
AuditorCAPIN CROUSE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$176.4M · 1,183 accts · $2.4M emplr
2023$162.2M · 1,221 accts · $2.4M emplr
2022$148.4M · 1,219 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$267,369
Investment management$145,076
Total administrative$412,445
Employer contributions to the Messiah University plan · 2024
Employer contribution per active participant$1,043
Median for plans this size$3,635
2024$1,043 per active participant
2023$1,385 per active participant
2022$1,547 per active participant

Messiah University'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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$267,368
CAMBRIDGE INVESTMENT RESEARCH, INC. · Investment advisory (plan)$112,398
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$32,677

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$412,445 · 0.24%
2023$421,984 · 0.27%
2022$427,958 · 0.26%
Same employer
Similar plansEducational Services · Pennsylvania
York College of Pennsylvania PA$202.9M · 0.10%
Robert Morris University PA$187.6M · 0.30%
Gettysburg College PA$179.7M · 0.11%
Muhlenberg College PA$176.5M · 0.08%
Gannon University PA$175.3M · 0.04%
Susquehanna University PA$174.7M · 0.08%
Law School Admission Council PA$171.6M · 0.04%
Arcadia University PA$170.9M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231352661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.