Plan Ledger DOL Form 5500 · updated monthly

National Board for Professional Teaching Standards, Inc.403(b)

NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS DEFINED CONTRIBUTION PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

National Board for Professional Teaching Standards, Inc. reported $43,853 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $3,470 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 0.10% to 0.25%. 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 1,056th-largest of 2,266 plans among Virginia employers on file, and 1,651st of 3,091 in educational services. In 2024, employees put in $2.33 for every $1.00 the employer contributed; active participation has grown from 42 to 61 since 2022.

Plan summary
Net assets, end of year$18,348,071
Participants with balances217
Active participants61
Employer contributions$211,688
Employee contributions$493,887
Employer contribution per active participant$3,470
Average account balance$84,553
Benefits paid to participants$1,226,383
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 217 accts · $212K emplr
2023$16.6M · 220 accts · $171K emplr
2022$15.3M · 219 accts · $129K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,862
Investment management$30,991
Total administrative$43,853
Employer contributions to the National Board for Professional Teaching Standards, Inc. plan · 2024
Employer contribution per active participant$3,470
Median for plans this size$2,416
2024$3,470 per active participant
2023$3,163 per active participant
2022$3,075 per active participant

National Board for Professional Teaching Standards, 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 · 20242
TIAA · Recordkeeping · Pension consulting$12,862
NFP RETIREMENT INC. · Investment management$26,301

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$43,853 · 0.25%
2023$25,660 · 0.16%
2022$17,568 · 0.10%
Similar plansEducational Services · Virginia
Christendom College VA$20.6M · 0.11%
Grafton School Incorporated VA$20.3M · 0.45%
Hampton Roads Academy VA$17.1M · 0.15%
Virginia Episcopal School VA$16.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521512323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.