Plan Ledger DOL Form 5500 · updated monthly

Mount Vernon Presbyterian School Inc.403(b)

MOUNT VERNON PRESBYTERIAN SCHOOL, INC. RETIREMENT PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Mount Vernon Presbyterian School Inc. reported $87,641 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,625 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 0.36% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 815th-largest of 2,160 plans among Georgia employers on file, and the 1,526th of 3,091 in educational services. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has grown from 457 to 523 since 2022.

Plan summary
Net assets, end of year$22,143,794
Participants with balances427
Active participants523
Employer contributions$849,652
Employee contributions$1,320,609
Employer contribution per active participant$1,625
Average account balance$51,859
Benefits paid to participants$2,792,938
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 427 accts · $850K emplr
2023$19.7M · 439 accts · $410K emplr
2022$18.2M · 436 accts · $799K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,971
Total administrative$87,641
Employer contributions to the Mount Vernon Presbyterian School Inc. plan · 2024
Employer contribution per active participant$1,625
Median for plans this size$2,416
2024$1,625 per active participant
2023$1,255 per active participant
2022$1,749 per active participant

Mount Vernon Presbyterian School Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
FIRST CITIZENS BANK AND TRUST CO · Investment advisory (plan)$44,670
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,971
NEW PINNACLE CONSULTING GROUP LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · 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$87,641 · 0.42%
2023$25,017 · 0.13%
2022$60,426 · 0.36%
Same employer
Similar plansEducational Services · Georgia
Lagrange College GA$28.0M · 0.18%
Lyrasis GA$22.8M · 0.02%
Brookstone School, Inc. GA$21.5M · 0.09%
The Galloway Schools, Inc. GA$20.8M · 0.39%
Stratford Academy, Inc. GA$20.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582054415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.