Plan Ledger DOL Form 5500 · updated monthly

Open Sky Education, Inc.403(b)

OPEN SKY EDUCATION 403(B) PLAN · WAUKESHA, WI · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Open Sky Education, Inc. reported $85,068 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,119 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 1.17% to 1.01%. 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 Wisconsin (1,363rd of 1,936), and 2,208th of 3,091 in educational services. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,749,215
Participants with balances639
Active participants339
Employer contributions$379,174
Employee contributions$521,264
Employer contribution per active participant$1,119
Average account balance$13,692
Benefits paid to participants$1,288,707
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 639 accts · $379K emplr
2023$8.1M · 719 accts · $480K emplr
2022$6.3M · 878 accts · $483K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,068
Total administrative$85,068
The Open Sky Education, Inc. 401(k) match · 2024
Employer contribution per active participant$1,119
Median for plans this size$1,313
2024$1,119 per active participant
2023$1,268 per active participant
2022$1,288 per active participant

Open Sky Education, Inc.'s 2024 employer contribution ran below 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
THE VANGUARD GROUP · Recordkeeping$52,376
MAP RETIREMENT INC · Contract administrator$25,686
NFP RETIREMENT · Investment advisory (plan)$23,631
ASCENSUS LLC · Contract administratorindirect comp

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$85,068 · 1.01%
2023$34,841 · 0.48%
2022$79,700 · 1.17%
Same employer
Similar plansEducational Services · Wisconsin
Seeds of Health, Inc. WI$15.5M · 0.35%
Chileda Institute, Inc. WI$4.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205033694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.