Plan Ledger DOL Form 5500 · updated monthly

Morehouse College403(b)

MOREHOUSE COLLEGE DEFINED CONTRIBUTION PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Morehouse College reported $82,154 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $2,804 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 0.02% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 320th-largest of 2,160 plans among Georgia employers on file, and the 617th of 3,091 in educational services. In 2024, the employer put in $1.42 for every $1.00 employees contributed themselves; active participation has grown from 701 to 783 since 2022.

Plan summary
Net assets, end of year$85,082,296
Participants with balances1,434
Active participants783
Employer contributions$2,195,682
Employee contributions$1,543,644
Employer contribution per active participant$2,804
Average account balance$59,332
Benefits paid to participants$3,654,847
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$85.1M · 1,434 accts · $2.2M emplr
2023$76.9M · 1,396 accts · $1.9M emplr
2022$68.8M · 1,356 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,154
Total administrative$82,154
Employer contributions to the Morehouse College plan · 2024
Employer contribution per active participant$2,804
Median for plans this size$3,635
2024$2,804 per active participant
2023$2,588 per active participant
2022$2,493 per active participant

Morehouse College's 2024 employer contribution ran below the $3,635 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
TIAA · Recordkeeping · Pension consulting$77,243
VARIABLE ANNUITY LIFE INSURANCE CO. · Recordkeeping · Pension consulting$4,911

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

Recordkeeper by year2
2024TIAA, VARIABLE ANNUITY LIFE INSURANCE CO.
2023TIAA, VARIABLE ANNUITY LIFE INSURANCE CO.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,154 · 0.10%
2023$61,263 · 0.08%
2022$17,819 · 0.02%
All plans at this employer2
MOREHOUSE COLLEGE DEFINED CONTRIBUTION PLAN403(b)
MOREHOUSE COLLEGE TAX DEFERRED ANNUITY PLAN403(b)
Same employer
Similar plansEducational Services · Georgia
Spelman College GA$102.0M · 0.05%
Cognia, Inc. GA$101.6M · 0.62%
Agnes Scott College GA$96.8M · 0.10%
Paideia School GA$80.6M · 0.07%
Pace Academy, Inc. GA$69.7M · 0.19%
Brenau University GA$67.5M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 580566205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.