Plan Ledger DOL Form 5500 · updated monthly

Palm Beach Day Academy403(b)

PALM BEACH DAY ACADEMY DC RETIREMENT PLAN · PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Palm Beach Day Academy reported $57,131 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,183 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 0.12% to 0.17%. 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 699th-largest of 3,644 plans among Florida employers on file, and the 1,147th of 3,091 in educational services. In 2024, the employer put in $1.27 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$36,221,907
Participants with balances276
Active participants216
Employer contributions$903,502
Employee contributions$714,129
Employer contribution per active participant$4,183
Average account balance$131,239
Benefits paid to participants$2,053,222
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$36.2M · 276 accts · $904K emplr
2023$32.5M · 268 accts · $843K emplr
2022$28.4M · 271 accts · $745K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,276
Total administrative$57,131
Employer contributions to the Palm Beach Day Academy plan · 2024
Employer contribution per active participant$4,183
Median for plans this size$2,416
2024$4,183 per active participant
2023$3,978 per active participant
2022$3,723 per active participant

Palm Beach Day Academy's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
M. EMPLOYEE BENEFITS, INC.$28,485
TEMPLETON & COMPANY$15,000

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$57,131 · 0.17%
2023$49,886 · 0.16%
2022$33,314 · 0.12%
Same employer
Similar plansEducational Services · Florida
Avenues New York, LLC FL$34.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590873834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.