Plan Ledger DOL Form 5500 · updated monthly

Nichols College403(b)

NICHOLS COLLEGE 403B PLAN · DUDLEY, MA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Nichols College reported $77,616 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,024 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 0.19% to 0.20%. 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 827th-largest of 2,726 plans among Massachusetts employers on file, and the 1,079th of 3,091 in educational services. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,988,526
Participants with balances467
Active participants307
Employer contributions$621,364
Employee contributions$1,137,604
Employer contribution per active participant$2,024
Average account balance$85,629
Benefits paid to participants$4,642,154
Plan auditUnmodified (clean) audit opinion
AuditorBOLLUS LYNCH, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.0M · 467 accts · $621K emplr
2023$38.9M · 462 accts · $541K emplr
2022$36.1M · 460 accts · $502K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,579
Investment management$29,037
Total administrative$77,616
Employer contributions to the Nichols College plan · 2024
Employer contribution per active participant$2,024
Median for plans this size$2,416
2024$2,024 per active participant
2023$1,730 per active participant
2022$1,661 per active participant

Nichols College's 2024 employer contribution ran below 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 · Custodial$48,600
AEGIS RETIREMENT PARTNERS · Contract administrator · Consulting$35,989

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$77,616 · 0.20%
2023$72,024 · 0.19%
2022$67,639 · 0.19%
Same employer
Similar plansEducational Services · Massachusetts
The Roxbury Latin School MA$44.0M · 0.05%
The Fenn School Inc. MA$42.0M · 0.15%
The Fay School MA$40.2M · 0.04%
Lawrence Academy MA$39.2M · 0.09%
American Student Assistance MA$38.2M · 0.01%
Boston Higashi School, Inc MA$36.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.