Plan Ledger DOL Form 5500 · updated monthly

Morehouse School of Medicine403(b)

MOREHOUSE SCHOOL OF MEDICINE 403(B) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Morehouse School of Medicine reported $103,927 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,468 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 0.01% to 0.04%. 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 138th-largest of 2,160 plans among Georgia employers on file, and the 217th of 3,091 in educational services. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 1,228 to 1,609 since 2022.

Plan summary
Net assets, end of year$260,080,550
Participants with balances1,567
Active participants1,609
Employer contributions$7,189,513
Employee contributions$8,430,108
Employer contribution per active participant$4,468
Average account balance$165,974
Benefits paid to participants$14,531,555
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$260.1M · 1,567 accts · $7.2M emplr
2023$231.0M · 872 accts · $5.9M emplr
2022$196.8M · 1,651 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,927
Total administrative$103,927
Employer contributions to the Morehouse School of Medicine plan · 2024
Employer contribution per active participant$4,468
Median for plans this size$3,635
2024$4,468 per active participant
2023$7,694 per active participant
2022$3,879 per active participant

Morehouse School of Medicine's 2024 employer contribution ran above 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.

Administrative cost history3
2024$103,927 · 0.04%
2023$11,179 · 0.01%
2022$11,191 · 0.01%
Same employer
Similar plansEducational Services · Georgia
Mercer University GA$558.7M · 0.02%
Westminster Schools GA$181.3M · 0.10%
Berry College, Inc. GA$162.6M · 0.03%
Woodward Academy, Inc. GA$133.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581438873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.