Plan Ledger DOL Form 5500 · updated monthly

Nightingale College, LLC401(k)

NIGHTINGALE COLLEGE LLC 401(K) PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Nightingale College, LLC reported $59,416 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,825 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 1.19% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Utah (503rd of 848), and 2,225th of 3,091 in educational services. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 293 to 697 since 2022.

Plan summary
Net assets, end of year$8,503,351
Participants with balances716
Active participants697
Employer contributions$1,271,913
Employee contributions$2,034,839
Employer contribution per active participant$1,825
Average account balance$11,876
Benefits paid to participants$210,462
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 716 accts · $1.3M emplr
2023$4.4M · 280 accts · $584K emplr
2022$2.0M · 161 accts · $355K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,288
Investment management$23,098
Trustee / custodial$1,030
Total administrative$59,416
The Nightingale College, LLC 401(k) match · 2024
Employer contribution per active participant$1,825
Median for plans this size$1,313
2024$1,825 per active participant
2023$1,127 per active participant
2022$1,213 per active participant

Nightingale College, LLC's 2024 employer contribution ran above the $1,313 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 · 20244
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$20,850
SPECTRA MANAGEMENT, LLC · Investment advisory (participants) · Investment advisory (plan)$23,098
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$14,436
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$1,030

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history3
2024$59,416 · 0.92%
2023$31,607 · 0.99%
2022$18,958 · 1.19%
Same employer
Similar plansEducational Services · Utah
Ameritech College LLC UT$11.4M · 1.07%
The McGillis School UT$10.0M · 0.15%
Spectrum Academy UT$8.0M · 0.91%
Career Step, LLC UT$6.7M · 0.04%
Excelsior Academy UT$6.3M · 1.13%
Noorda Medical School UT$5.0M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371708791 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.