Plan Ledger DOL Form 5500 · updated monthly

Muhlenberg College403(b)

MUHLENBERG COLLEGE DEFINED CONTRIBUTION PLAN · ALLENTOWN, PA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Muhlenberg College reported $139,305 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $3,265 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 0.06% to 0.08%. 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 313th-largest of 3,651 plans among Pennsylvania employers on file, and the 315th of 3,091 in educational services. In 2024, employees put in $1.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$176,488,861
Participants with balances1,230
Active participants596
Employer contributions$1,946,094
Employee contributions$2,268,077
Employer contribution per active participant$3,265
Average account balance$143,487
Benefits paid to participants$11,041,765
Plan auditUnmodified (clean) audit opinion
AuditorTAIT, WELLER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$176.5M · 1,230 accts · $1.9M emplr
2023$163.3M · 1,236 accts · $2.0M emplr
2022$151.4M · 1,211 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,805
Investment management$45,000
Audit (IQPA)$9,500
Total administrative$139,305
Employer contributions to the Muhlenberg College plan · 2024
Employer contribution per active participant$3,265
Median for plans this size$3,635
2024$3,265 per active participant
2023$3,220 per active participant
2022$2,858 per active participant

Muhlenberg 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
TIAA · Recordkeeping · Pension consulting$84,805
CAPTRUST · Investment management$45,000
TAIT, WELLER LLP · Accounting / audit$9,500

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
2023TIAA

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

Administrative cost history3
2024$139,305 · 0.08%
2023$123,696 · 0.08%
2022$105,695 · 0.06%
Same employer
Similar plansEducational Services · Pennsylvania
Milton Hershey School PA$214.3M · 0.03%
York College of Pennsylvania PA$202.9M · 0.10%
Robert Morris University PA$187.6M · 0.30%
Gettysburg College PA$179.7M · 0.11%
Messiah University PA$176.4M · 0.24%
Gannon University PA$175.3M · 0.04%
Susquehanna University PA$174.7M · 0.08%
Law School Admission Council PA$171.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231352664 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.