Plan Ledger DOL Form 5500 · updated monthly

Monument Academy Inc401(k)

MONUMENT ACADEMY INC 401(K) PROFIT SHARING PLAN & TRUST · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
1.35%

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

Monument Academy Inc reported $27,765 in plan administrative expenses for 2024: 1.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,293 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 0.39% to 1.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in District of Columbia (569th of 618), and 10,826th of 11,654 in professional & technical services. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has grown from 88 to 109 since 2022.

Plan summary
Net assets, end of year$2,174,895
Participants with balances100
Active participants109
Employer contributions$140,893
Employee contributions$178,473
Employer contribution per active participant$1,293
Average account balance$21,749
Benefits paid to participants$293,504
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 100 accts · $141K emplr
2023$1.9M · 109 accts · $152K emplr
2022$1.5M · 189 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,803
Investment management$4,612
Total administrative$27,765
The Monument Academy Inc 401(k) match · 2024
Employer contribution per active participant$1,293
Median for plans this size$1,313
2024$1,293 per active participant
2023$1,432 per active participant
2022$1,952 per active participant

Monument Academy 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 · 20242
THE CAPITAL GROUP INVESTMENT · Investment advisory (participants)indirect comp

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$27,765 · 1.35%
2023$13,271 · 0.77%
2022$6,161 · 0.39%
Similar plansProfessional & Technical Services · District of Columbia
Dupont Veterinary Clinic DC$3.0M · 0.68%
Tactis, LLC DC$2.8M · 0.73%
PHONE2ACTION, Inc. DC$2.4M · 0.60%
Tahzoo LLC DC$2.3M · 0.37%
Enlightened Inc DC$1.8M · 2.41%
Cobec Consulting, Inc. DC$1.5M · 1.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463662061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.