Plan Ledger DOL Form 5500 · updated monthly

North Raleigh Christian Academy, Inc.403(b)

NORTH RALEIGH CHRISTIAN ACADEMY, INC. 403(B) PLAN · RALEIGH, NC · plan year 2022

Reported admin expense ratio · 2022
0.38%

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

North Raleigh Christian Academy, Inc. reported $38,782 in plan administrative expenses for 2022: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,663 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in North Carolina (1,084th of 2,005), and 2,081st of 3,091 in educational services. In 2022, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,422,329
Participants with balances98
Active participants122
Employer contributions$324,873
Employee contributions$458,414
Employer contribution per active participant$2,663
Average account balance$106,350
Benefits paid to participants$921,749
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$38,782
Total administrative$38,782
The North Raleigh Christian Academy, Inc. 401(k) match · 2022
Employer contribution per active participant$2,663
Median for plans this size$2,266

North Raleigh Christian Academy, Inc.'s 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$38,782 · 0.38%
Similar plansEducational Services · North Carolina
The Roger Bacon Academy NC$11.2M · 0.64%
Duke School NC$11.1M · 0.33%
Livingstone College NC$10.4M · 0.20%
Montreat College NC$9.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561975907 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.