Plan Ledger DOL Form 5500 · updated monthly

Midland University403(b)

MIDLAND UNIVERSITY 403(B) RETIREMENT SAVINGS PLAN · FREMONT, NE · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Midland University reported $57,881 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,453 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 0.20% to 0.27%. 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 231st-largest of 565 plans among Nebraska employers on file, and the 1,537th of 3,091 in educational services. In 2024, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,853,908
Participants with balances441
Active participants206
Employer contributions$299,381
Employee contributions$501,975
Employer contribution per active participant$1,453
Average account balance$49,555
Benefits paid to participants$2,803,121
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 441 accts · $299K emplr
2023$20.9M · 450 accts · $292K emplr
2022$18.5M · 460 accts · $304K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,294
Investment management$26,087
Audit (IQPA)$7,500
Total administrative$57,881
Employer contributions to the Midland University plan · 2024
Employer contribution per active participant$1,453
Median for plans this size$2,416
2024$1,453 per active participant
2023$1,461 per active participant
2022$1,488 per active participant

Midland University's 2024 employer contribution ran below 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 · 20244
TIAA · Recordkeeping · Custodial (securities)$10,434
TWO WEST CAPITAL ADVISORS · Investment advisory (participants) · Investment advisory (plan)$26,087
PENTEGRA SERVICES, INC. · Plan administrator · Pension consulting$13,860
COULTER & JUSTUS · Accounting / audit$7,500

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$57,881 · 0.27%
2023$56,601 · 0.29%
2022$35,380 · 0.20%
Same employer
Similar plansEducational Services · Nebraska
Bellevue University NE$91.0M · 0.09%
Doane University NE$47.7M · 0.21%
Brownell Talbot School NE$16.5M · 0.13%
Marian High School NE$10.7M · 0.11%
York University NE$2.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470376551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.