Plan Ledger DOL Form 5500 · updated monthly

Park School Corporation403(b)

THE PARK SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · BROOKLINE, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Park School Corporation reported $12,191 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,731 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 4 years on file its reported administrative ratio rose from 0.00% to 0.02%. 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 668th-largest of 2,726 plans among Massachusetts employers on file, and the 863rd of 3,091 in educational services. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 154 to 191 since 2020.

Plan summary
Net assets, end of year$54,161,404
Participants with balances439
Active participants191
Employer contributions$712,601
Employee contributions$1,266,241
Employer contribution per active participant$3,731
Average account balance$123,374
Benefits paid to participants$3,273,740
Plan auditUnmodified (clean) audit opinion
AuditorAAFCPAS' INC.
Plan history4
Yearassets · accounts · employer contribution
2024$54.2M · 439 accts · $713K emplr
2023$49.0M · 441 accts · $757K emplr
2022$44.0M · 416 accts · $546K emplr
2020$46.7M · 359 accts · $352K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,191
Total administrative$12,191
Employer contributions to the Park School Corporation plan · 2024
Employer contribution per active participant$3,731
Median for plans this size$3,635
2024$3,731 per active participant
2023$4,161 per active participant
2022$3,454 per active participant
2020$2,284 per active participant

Park School Corporation's 2024 employer contribution ran above the $3,635 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 · 20241
TIAA · Recordkeeping · Pension consulting$12,566

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history4
2024$12,191 · 0.02%
2023$6,075 · 0.01%
2022$2,174 · 0.00%
2020$75 · 0.00%
Same employer
Similar plansEducational Services · Massachusetts
Landmark School, Inc. MA$54.3M · 0.23%
Cushing Academy MA$53.7M · 0.12%
Worcester Academy MA$49.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104824 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.