Plan Ledger DOL Form 5500 · updated monthly

Misericordia University403(b)

MISERICORDIA UNIVERSITY TAX-DEFERRED ANNUITY RETIREMENT PLAN · DALLAS, PA · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Misericordia University reported $58,154 in plan administrative expenses for 2023: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,969 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 1 year on file its reported administrative ratio rose from 0.04% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other educational services employers. By assets it is the 513th-largest of 3,651 plans among Pennsylvania employers on file, and the 585th of 3,091 in educational services. In 2023, employees put in $1.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$89,888,078
Participants with balances705
Active participants343
Employer contributions$1,704,518
Employee contributions$1,960,228
Employer contribution per active participant$4,969
Average account balance$127,501
Benefits paid to participants$2,703,015
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.3M emplr
2023$89.9M · 705 accts · $1.7M emplr
2022$75.9M · 702 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$55,164
Total administrative$58,154
Employer contributions to the Misericordia University plan · 2023
Employer contribution per active participant$4,969
Median for plans this size$3,659
2023$4,969 per active participant
2022$4,827 per active participant

Misericordia University's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDUCIENT ADVISORS, LLC · Investment advisory (plan)$52,976

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

Administrative cost history3
2024Not separately reported
2023$58,154 · 0.07%
2022$33,805 · 0.04%
Same employer
Similar plansEducational Services · Pennsylvania
Chatham University PA$97.0M · 0.04%
Desales University PA$94.7M · 0.00%
Delaware Valley University PA$93.6M · 0.06%
Mercyhurst University PA$87.6M · 0.01%
Eastern University PA$86.6M · 0.01%
Fullbloom PA$85.5M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 240795406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.