Plan Ledger DOL Form 5500 · updated monthly

Palm Beach Atlantic University, Inc.403(b)

PALM BEACH ATLANTIC UNIVERSITY 403(B)(7) PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Palm Beach Atlantic University, Inc. reported $100,556 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,024 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 0.17% to 0.13%. 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 372nd-largest of 3,644 plans among Florida employers on file, and the 622nd of 3,091 in educational services. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 1,339 to 1,566 since 2022.

Plan summary
Net assets, end of year$83,870,427
Participants with balances1,025
Active participants1,566
Employer contributions$1,603,383
Employee contributions$2,524,600
Employer contribution per active participant$1,024
Average account balance$81,825
Benefits paid to participants$6,074,912
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$83.9M · 1,025 accts · $1.6M emplr
2023$75.5M · 1,872 accts · $1.3M emplr
2022$67.0M · 1,049 accts · $1.1M emplr
Employer contributions to the Palm Beach Atlantic University, Inc. plan · 2024
Employer contribution per active participant$1,024
Median for plans this size$3,635
2024$1,024 per active participant
2023$875 per active participant
2022$806 per active participant

Palm Beach Atlantic University, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Loan processing$58,160
GALLAGHER BENEFIT SERVICES INC. · Investment advisory (participants)$27,516
TEMPLETON & COMPANY LLP · Accounting / audit$10,000
MSCS FS DIV OF BROADRIDGE BPO, LLCindirect 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
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$100,556 · 0.13%
2023$79,996 · 0.11%
2022$124,348 · 0.17%
Same employer
Similar plansEducational Services · Florida
Lynn University, Inc. FL$102.2M · 0.08%
Img Academy Parent, LLC FL$101.1M · 0.23%
Eduserve, Inc. FL$84.0M · 0.64%
Jacksonville University FL$82.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591092732 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.