Plan Ledger DOL Form 5500 · updated monthly

Milwaukee Science Education Consortium, Inc.403(b)

MILWAUKEE ACADEMY OF SCIENCE 403(B) PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Milwaukee Science Education Consortium, Inc. reported $30,038 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $606 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 0.53% to 0.76%. 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 Wisconsin (1,681st of 1,936), and 2,594th of 3,091 in educational services. In 2024, employees put in $3.20 for every $1.00 the employer contributed; active participation has grown from 162 to 226 since 2022.

Plan summary
Net assets, end of year$4,241,698
Participants with balances312
Active participants226
Employer contributions$136,935
Employee contributions$437,739
Employer contribution per active participant$606
Average account balance$13,595
Benefits paid to participants$345,864
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 312 accts · $137K emplr
2023$3.6M · 250 accts · $119K emplr
2022$3.0M · 190 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,732
Investment management$9,306
Total administrative$30,038
Employer contributions to the Milwaukee Science Education Consortium, Inc. plan · 2024
Employer contribution per active participant$606
Median for plans this size$1,313
2024$606 per active participant
2023$723 per active participant
2022$602 per active participant

Milwaukee Science Education Consortium, Inc.'s 2024 employer contribution ran below the $1,313 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$20,625
NORTHWESTERN MUTUAL WEALTH MANAGE · Investment advisory (plan)$9,306

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$30,038 · 0.76%
2023$23,980 · 0.72%
2022$14,712 · 0.53%
Same employer
Similar plansEducational Services · Wisconsin
Chileda Institute, Inc. WI$4.9M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391974865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.