Plan Ledger DOL Form 5500 · updated monthly

P.G. Chambers School, Inc.DC plan

403(B) THRIFT PLAN FOR EMPLOYEES OF P.G. CHAMBERS SCHOOL, INC. · CEDAR KNOLLS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

P.G. Chambers School, Inc. reported $45,943 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,792 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 0.01% to 0.24%. 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 1,069th-largest of 2,419 plans among New Jersey employers on file, and 1,581st of 3,091 in educational services. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 118 to 210 since 2022.

Plan summary
Net assets, end of year$20,470,039
Participants with balances165
Active participants210
Employer contributions$376,398
Employee contributions$903,091
Employer contribution per active participant$1,792
Average account balance$124,061
Benefits paid to participants$963,336
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.5M · 165 accts · $376K emplr
2023$17.6M · 184 accts · $330K emplr
2022$15.9M · 185 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,198
Investment management$28,745
Total administrative$45,943
Employer contributions to the P.G. Chambers School, Inc. plan · 2024
Employer contribution per active participant$1,792
Median for plans this size$2,416
2024$1,792 per active participant
2023$1,665 per active participant
2022$2,630 per active participant

P.G. Chambers School, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$28,741
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$17,198
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$45,943 · 0.24%
2023$1,298 · 0.01%
2022$891 · 0.01%
Same employer
Similar plansEducational Services · New Jersey
Hawkswood, Inc. NJ$21.8M · 0.20%
Yeshiva of North Jersey NJ$21.3M · 0.20%
The Elisabeth Morrow School NJ$21.0M · 0.37%
SPECTRUM360 NJ$18.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221551480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.