Plan Ledger DOL Form 5500 · updated monthly

Mount Saint Mary College403(b)

MOUNT SAINT MARY COLLEGE DEFINED CONTRIBUTION PLAN · NEWBURGH, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Mount Saint Mary College reported $87,277 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $2,379 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 0.08% to 0.09%. 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 824th-largest of 5,648 plans among New York employers on file, and the 554th of 3,091 in educational services. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$96,190,849
Participants with balances685
Active participants336
Employer contributions$799,253
Employee contributions$1,634,462
Employer contribution per active participant$2,379
Average account balance$140,425
Benefits paid to participants$8,685,306
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$96.2M · 685 accts · $799K emplr
2023$91.5M · 650 accts · $804K emplr
2022$83.8M · 629 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,614
Investment management$44,163
Audit (IQPA)$20,500
Total administrative$87,277
Employer contributions to the Mount Saint Mary College plan · 2024
Employer contribution per active participant$2,379
Median for plans this size$3,635
2024$2,379 per active participant
2023$2,430 per active participant
2022$1,044 per active participant

Mount Saint Mary 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 · 20243
FOCUSED WEALTH MANAGEMENT, INC. · Investment advisory (plan)$43,848
TIAA · Plan administrator · Custodial (securities)$22,614
PRAGER METIS · Accounting / audit$20,500

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$87,277 · 0.09%
2023$97,594 · 0.11%
2022$67,949 · 0.08%
Similar plansEducational Services · New York
Daemen University NY$102.7M · 0.13%
Monroe College, LTD. NY$100.8M · 0.37%
St. Francis College NY$99.2M · 0.08%
Uncommon Schools, Inc. NY$98.2M · 0.27%
Kipp Nyc, LLC NY$94.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141468399 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.