Plan Ledger DOL Form 5500 · updated monthly

National Council of Teachers of Mathematics403(b)

NATIONAL COUNCIL OF TEACHERS OF MATHEMATICS DEFINED CONTRIBUTION RETIREMENT PLAN · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

National Council of Teachers of Mathematics reported $63,080 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $6,984 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 fell from 0.22% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 701st-largest of 2,266 plans among Virginia employers on file, and the 677th of 3,341 in other services. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,867,081
Participants with balances194
Active participants24
Employer contributions$167,609
Employee contributions$310,756
Employer contribution per active participant$6,984
Average account balance$164,263
Benefits paid to participants$1,511,526
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN, ROSENBERG & FREEDMAN
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 194 accts · $168K emplr
2023$29.4M · 201 accts · $161K emplr
2022$27.9M · 211 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,590
Investment management$22,490
Total administrative$63,080
Employer contributions to the National Council of Teachers of Mathematics plan · 2024
Employer contribution per active participant$6,984
Median for plans this size$2,416
2024$6,984 per active participant
2023$6,209 per active participant
2022$5,701 per active participant

National Council of Teachers of Mathematics's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
LINCOLN NATIONAL CORPORATION · Contract administrator$40,590
MERCER INVESTMENTS LLC · Investment advisory (plan)$22,490

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$63,080 · 0.21%
2023$66,304 · 0.23%
2022$67,344 · 0.22%
Similar plansOther Services · Virginia
Technoserve, Inc. VA$37.2M · 0.24%
Didlake, Inc. VA$36.5M · 0.70%
Metron Aviation, Inc. VA$32.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 526057004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.