Plan Ledger DOL Form 5500 · updated monthly

Mwla, Inc.403(b)

TURNING POINT SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · CULVER CITY, CA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Mwla, Inc. reported $12,911 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,623 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 0.11% to 0.12%. 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 among the smaller plans on file in California (5,048th of 9,483), and 1,988th of 3,091 in educational services. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has shrunk from 78 to 70 since 2022.

Plan summary
Net assets, end of year$11,658,410
Participants with balances192
Active participants70
Employer contributions$253,576
Employee contributions$378,234
Employer contribution per active participant$3,623
Average account balance$60,721
Benefits paid to participants$678,795
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 192 accts · $254K emplr
2023$10.5M · 189 accts · $237K emplr
2022$9.1M · 186 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,911
Total administrative$12,911
Employer contributions to the Mwla, Inc. plan · 2024
Employer contribution per active participant$3,623
Median for plans this size$2,416
2024$3,623 per active participant
2023$3,385 per active participant
2022$3,007 per active participant

Mwla, Inc.'s 2024 employer contribution ran above 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 · 20241
TIAA$12,910

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$12,911 · 0.12%
2023$9,987 · 0.10%
2022$10,096 · 0.11%
Similar plansEducational Services · California
Laurence School CA$12.0M · 0.20%
New Roads School CA$11.9M · 0.29%
Vistamar School CA$11.8M · 0.08%
Marin Horizon School CA$11.2M · 0.00%
Ojai Valley School, Inc. CA$10.9M · 0.08%
Jserra Catholic High School CA$10.7M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952668485 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.