Plan Ledger DOL Form 5500 · updated monthly

Neumann University403(b)

NEUMANN UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · ASTON, PA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Neumann University reported $79,641 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,765 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 0.23% to 0.13%. 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 661st-largest of 3,651 plans among Pennsylvania employers on file, and the 771st of 3,091 in educational services. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,398,668
Participants with balances710
Active participants452
Employer contributions$797,680
Employee contributions$1,235,251
Employer contribution per active participant$1,765
Average account balance$89,294
Benefits paid to participants$4,036,317
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.4M · 710 accts · $798K emplr
2023$58.9M · 708 accts · $894K emplr
2022$54.1M · 712 accts · $930K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,641
Total administrative$79,641
Employer contributions to the Neumann University plan · 2024
Employer contribution per active participant$1,765
Median for plans this size$3,635
2024$1,765 per active participant
2023$2,018 per active participant
2022$2,118 per active participant

Neumann University's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20243
TIAA · Recordkeeping$31,692
FLEXPATH STRATEGIES LLC · Investment advisory (plan) · Investment management$28,485
NFP RETIREMENT, INC · Investment advisory (plan)$17,514

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$79,641 · 0.13%
2023$49,492 · 0.09%
2022$133,215 · 0.23%
Same employer
Similar plansEducational Services · Pennsylvania
Shady Side Academy PA$75.2M · 0.22%
The Hill School PA$69.9M · 0.16%
Seton Hill University PA$69.3M · 0.07%
Waynesburg University PA$59.1M · 0.04%
The Episcopal Academy PA$58.3M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231657958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.