Plan Ledger DOL Form 5500 · updated monthly

Paul Smith's College of Arts and Sciences403(b)

PAUL SMITH'S COLLEGE OF ARTS AND SCIENCES DEFINED CONTRIBUTION RETIREMENT PLAN · PAUL SMITHS, NY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Paul Smith's College of Arts and Sciences reported $21,838 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,401 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 0.06% to 0.08%. 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 1,951st-largest of 5,648 plans among New York employers on file, and the 1,287th of 3,091 in educational services. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has shrunk from 126 to 112 since 2022.

Plan summary
Net assets, end of year$30,182,421
Participants with balances430
Active participants112
Employer contributions$380,887
Employee contributions$470,956
Employer contribution per active participant$3,401
Average account balance$70,192
Benefits paid to participants$1,887,210
Plan auditUnmodified (clean) audit opinion
AuditorCROWLEY & HALLORAN, CPAS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$30.2M · 430 accts · $381K emplr
2023$28.0M · 453 accts · $332K emplr
2022$25.3M · 456 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,838
Total administrative$21,838
Employer contributions to the Paul Smith's College of Arts and Sciences plan · 2024
Employer contribution per active participant$3,401
Median for plans this size$2,416
2024$3,401 per active participant
2023$2,965 per active participant
2022$3,063 per active participant

Paul Smith's College of Arts and Sciences'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 · 20241

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$21,838 · 0.08%
2023$16,667 · 0.06%
2022$14,974 · 0.06%
Same employer
Similar plansEducational Services · New York
Medaille University NY$31.6M · 0.02%
Acelero, Inc. NY$31.1M · 0.64%
The Stony Brook School NY$30.7M · 0.20%
Trudeau Institute, Inc. NY$29.9M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 150533545 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.