Plan Ledger DOL Form 5500 · updated monthly

Mt. Paran Christian School, Inc.403(b)

MOUNT PARAN CHRISTIAN SCHOOL 403(B) PLAN · KENNESAW, GA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Mt. Paran Christian School, Inc. reported $78,886 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,853 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 3 years on file its reported administrative ratio has held roughly steady near 0.559%. 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 1,004th-largest of 2,160 plans among Georgia employers on file, and 1,801st of 3,091 in educational services. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,253,533
Participants with balances256
Active participants288
Employer contributions$533,561
Employee contributions$1,068,290
Employer contribution per active participant$1,853
Average account balance$59,584
Benefits paid to participants$1,252,950
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 256 accts · $534K emplr
2023$13.0M · 277 accts · $357K emplr
2022$10.3M · 258 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,886
Total administrative$78,886
Employer contributions to the Mt. Paran Christian School, Inc. plan · 2024
Employer contribution per active participant$1,853
Median for plans this size$2,416
2024$1,853 per active participant
2023$1,273 per active participant
2022$1,291 per active participant

Mt. Paran Christian 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$78,600
SMITH & HOWARD, PC · Accounting / auditindirect comp
MMA SECURITIES LLC · Investment advisory (plan)indirect comp
PENSION FINANCIAL SERVICES, INC. · Contract administrator · Other servicesindirect 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$78,886 · 0.56%
2023$81,123 · 0.70%
2022$60,967 · 0.56%
Similar plansEducational Services · Georgia
The Schenck School, Inc. GA$18.6M · 0.00%
Rabun Gap-Nacoochee School GA$15.2M · 0.00%
Reinhardt University GA$15.0M · 0.29%
Whitefield Academy GA$14.2M · 0.02%
The Howard School, Inc. GA$13.5M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582273158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.