Plan Ledger DOL Form 5500 · updated monthly

Parker University403(b)

PARKER UNIVERSITY 403(B) DC PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Parker University reported $82,787 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $3,289 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 0.40% to 0.27%. 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 1,482nd-largest of 5,688 plans among Texas employers on file, and the 1,245th of 3,091 in educational services. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has grown from 317 to 358 since 2022.

Plan summary
Net assets, end of year$31,787,345
Participants with balances362
Active participants358
Employer contributions$1,177,513
Employee contributions$1,460,792
Employer contribution per active participant$3,289
Average account balance$87,810
Benefits paid to participants$4,282,839
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.8M · 362 accts · $1.2M emplr
2023$30.0M · 415 accts · $1.4M emplr
2022$25.1M · 374 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,049
Investment management$8,738
Total administrative$82,787
Employer contributions to the Parker University plan · 2024
Employer contribution per active participant$3,289
Median for plans this size$2,416
2024$3,289 per active participant
2023$4,126 per active participant
2022$3,937 per active participant

Parker University's 2024 employer contribution ran above 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 · 20244
CONCURRENT INVESTMENT ADVISORS LLC · Investment advisory (plan)$11,731
EMPOWER ADVISORY GROUP, LLC · Investment management$72
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)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$82,787 · 0.27%
2023$75,641 · 0.27%
2022$107,714 · 0.40%
Same employer
Similar plansEducational Services · Texas
Texas Wesleyan University TX$38.5M · 0.15%
Saint Mary's Hall TX$38.2M · 0.06%
Uworld, LLC TX$36.5M · 0.40%
Betterup, Inc. TX$31.2M · 0.34%
Watermark Insights, LLC TX$28.8M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751596658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.