Plan Ledger DOL Form 5500 · updated monthly

Northfield Mount Hermon School403(b)

NORTHFIELD MOUNT HERMON RETIREMENT SAVINGS AND INVESTMENT PLAN · MOUNT HERMON, MA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Northfield Mount Hermon School reported $96,964 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $6,223 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 3 years on file its reported administrative ratio has held roughly steady near 0.109%. 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 446th-largest of 2,726 plans among Massachusetts employers on file, and the 568th of 3,091 in educational services. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$93,374,788
Participants with balances970
Active participants296
Employer contributions$1,841,867
Employee contributions$1,499,989
Employer contribution per active participant$6,223
Average account balance$96,263
Benefits paid to participants$8,683,841
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$93.4M · 970 accts · $1.8M emplr
2023$83.8M · 942 accts · $1.6M emplr
2022$71.7M · 997 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,218
Investment management$37,746
Total administrative$96,964
Employer contributions to the Northfield Mount Hermon School plan · 2024
Employer contribution per active participant$6,223
Median for plans this size$3,635
2024$6,223 per active participant
2023$5,629 per active participant
2022$4,936 per active participant

Northfield Mount Hermon School's 2024 employer contribution ran above the $3,635 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
FIDUCIENT ADVISORS · Consulting · Investment advisory (plan)$31,250
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,496

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

Administrative cost history3
2024$96,964 · 0.11%
2023$85,385 · 0.11%
2022$88,951 · 0.11%
Same employer
Similar plansEducational Services · Massachusetts
Gordon College MA$108.2M · 0.03%
Elderhostel Inc. MA$98.2M · 0.13%
Groton School MA$97.4M · 0.13%
Thayer Academy MA$90.5M · 0.05%
New England Law Boston MA$87.0M · 0.04%
Year Up, Inc. MA$81.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042109865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.