Plan Ledger DOL Form 5500 · updated monthly

North Carolina Outward Bound School403(b)

NORTH CAROLINA OUTWARD BOUND SCHOOL 403(B) PLAN · ASHEVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.06%

North Carolina Outward Bound School reported $1,580 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. 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 0.25% to 0.06%. 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 North Carolina (1,705th of 2,005), and 2,781st of 3,091 in educational services. active participation has shrunk from 114 to 79 since 2022.

Plan summary
Net assets, end of year$2,643,218
Participants with balances93
Active participants79
Employer contributions—
Employee contributions$29,398
Employer contribution per active participant—
Average account balance$28,422
Benefits paid to participants$104,348
Plan auditUnmodified (clean) audit opinion
AuditorCARTER, PA
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 93 accts
2023$2.6M · 111 accts · $20K emplr
2022$2.1M · 103 accts · $30K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,580
Total administrative$1,580
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 · 20241
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$1,580

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,580 · 0.06%
2023$9,962 · 0.42%
2022$5,564 · 0.25%
Similar plansEducational Services · North Carolina
St. Timothys School, Inc. NC$2.9M · 0.01%
Gaston Day School, Inc. NC$2.4M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560857708 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.