Plan Ledger DOL Form 5500 · updated monthly

Midland Christian School , Inc.403(b)

MIDLAND CHRISTIAN SCHOOL RETIREMENT PLAN · MIDLAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Midland Christian School , Inc. reported $41,078 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,012 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 0.57% to 0.45%. 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 Texas (3,111th of 5,688), and 2,149th of 3,091 in educational services. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 221 to 343 since 2022.

Plan summary
Net assets, end of year$9,645,806
Participants with balances159
Active participants343
Employer contributions$347,071
Employee contributions$556,907
Employer contribution per active participant$1,012
Average account balance$60,665
Benefits paid to participants$770,791
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 159 accts · $347K emplr
2023$8.4M · 155 accts · $293K emplr
2022$7.1M · 149 accts · $277K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,203
Investment management$14,875
Total administrative$41,078
Employer contributions to the Midland Christian School , Inc. plan · 2024
Employer contribution per active participant$1,012
Median for plans this size$1,313
2024$1,012 per active participant
2023$928 per active participant
2022$1,252 per active participant

Midland Christian School , Inc.'s 2024 employer contribution ran below 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
ALLIANCE PENSION CONSULTANTS, LLC · Recordkeeping$25,803
OAKSTREET WEALTH MANAGEMENT · Investment advisory (plan)$14,875
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024ALLIANCE PENSION CONSULTANTS, LLC
2023TRI-AD ACTUARIES, INC

This plan has changed recordkeepers within these filings. If you left Midland Christian School , Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,078 · 0.45%
2023$47,734 · 0.61%
2022$39,568 · 0.57%
Same employer
Similar plansEducational Services · Texas
Accelerate Learning Inc. TX$10.4M · 0.27%
Brighton Center TX$10.3M · 0.44%
The Post Oak School TX$10.1M · 0.37%
Aceable, Inc. TX$8.7M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 756004672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.