Plan Ledger DOL Form 5500 · updated monthly

Naval Academy Athletic Association403(b)

NAVAL ACADEMY ATHLETIC ASSOCIATION RETIREMENT PLAN · ANNAPOLIS, MD · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Naval Academy Athletic Association reported $32,595 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,325 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 0.00% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 267th-largest of 1,671 plans among Maryland employers on file, and the 336th of 3,341 in other services. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 179 to 213 since 2022.

Plan summary
Net assets, end of year$63,260,485
Participants with balances464
Active participants213
Employer contributions$708,199
Employee contributions$1,947,738
Employer contribution per active participant$3,325
Average account balance$136,337
Benefits paid to participants$4,245,510
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.3M · 464 accts · $708K emplr
2023$57.6M · 458 accts · $586K emplr
2022$49.7M · 432 accts · $523K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,595
Total administrative$32,595
Employer contributions to the Naval Academy Athletic Association plan · 2024
Employer contribution per active participant$3,325
Median for plans this size$3,635
2024$3,325 per active participant
2023$2,819 per active participant
2022$2,923 per active participant

Naval Academy Athletic Association'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 · 20242
NAVAL ACADEMY ATHLETIC ASSOC$32,295
TIAA$450

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$32,595 · 0.05%
2023$36,773 · 0.07%
2022$250 · 0.00%
Same employer
Similar plansOther Services · Maryland
Asbury Communities, Inc. MD$92.0M · 0.41%
American Nurses Association MD$62.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520613669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.