Plan Ledger DOL Form 5500 · updated monthly

Ottawa University403(b)

OTTAWA UNIVERSITY DC PLAN · OTTAWA, KS · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Ottawa University reported $77,692 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $772 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 rose from 0.17% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 157th-largest of 828 plans among Kansas employers on file, and the 1,054th of 3,091 in educational services. In 2024, employees put in $4.59 for every $1.00 the employer contributed; active participation has shrunk from 496 to 392 since 2022.

Plan summary
Net assets, end of year$41,349,343
Participants with balances711
Active participants392
Employer contributions$302,649
Employee contributions$1,390,254
Employer contribution per active participant$772
Average account balance$58,157
Benefits paid to participants$3,903,945
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.3M · 711 accts · $303K emplr
2023$38.5M · 703 accts · $307K emplr
2022$35.0M · 660 accts · $156K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,692
Total administrative$77,692
Employer contributions to the Ottawa University plan · 2024
Employer contribution per active participant$772
Median for plans this size$2,416
2024$772 per active participant
2023$594 per active participant
2022$315 per active participant

Ottawa University's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20243
LINCOLN NATIONAL CORPORATION$77,692
MARINER WEALTH ADVISORS · Investment advisory (plan)$42,423
NEW PINNACLE CONSULTING GROUP, LLC · Consulting$4,710

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$77,692 · 0.19%
2023$63,523 · 0.17%
2022$68,960 · 0.17%
Same employer
Similar plansEducational Services · Kansas
Oglethorpe University GA$41.4M · 0.12%
Khan Academy, Inc. CA$41.4M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480543772 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.