Plan Ledger DOL Form 5500 · updated monthly

Northwestern College403(b)

NORTHWESTERN COLLEGE 403(B) DC PLAN · ORANGE CITY, IA · plan year 2025

Reported admin expense ratio · 2025
0.26%

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

Northwestern College reported $131,063 in plan administrative expenses for 2025: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,904 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 rose from 0.24% to 0.26%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 183rd-largest of 878 plans among Iowa employers on file, and the 874th of 3,091 in educational services. In 2025, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has grown from 286 to 318 since 2022.

Plan summary
Net assets, end of year$52,964,025
Participants with balances612
Active participants318
Employer contributions$923,612
Employee contributions$859,866
Employer contribution per active participant$2,904
Average account balance$86,543
Benefits paid to participants$3,790,312
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$53.0M · 612 accts · $924K emplr
2024$48.6M · 605 accts · $871K emplr
2023$46.7M · 602 accts · $834K emplr
2022$42.1M · 602 accts · $795K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$130,785
Total administrative$131,063
Employer contributions to the Northwestern College plan · 2025
Employer contribution per active participant$2,904
Median for plans this size$4,093
2025$2,904 per active participant
2024$2,942 per active participant
2023$2,836 per active participant
2022$2,780 per active participant

Northwestern College's 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
TWO WEST CAPITAL ADVISORS · Investment advisory (plan)$68,214
TIAA · Custodial (securities)$32,817
PENTEGRA SERVICES, INC.$21,713
COULTER & JUSTUS · Accounting / audit$8,000

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

Administrative cost history4
2025$131,063 · 0.26%
2024$118,676 · 0.25%
2023$108,869 · 0.25%
2022$109,698 · 0.24%
Same employer
Similar plansEducational Services · Iowa
University of Dubuque IA$75.1M · 0.02%
Simpson College IA$74.8M · 0.06%
Dordt University IA$61.2M · 0.00%
Upper Iowa University IA$48.8M · 0.03%
Clarke University IA$40.4M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 420698196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.