Plan Ledger DOL Form 5500 · updated monthly

Point Park University403(b)

POINT PARK UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Point Park University reported $62,473 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,718 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 0.09% to 0.06%. 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 432nd-largest of 3,651 plans among Pennsylvania employers on file, and the 469th of 3,091 in educational services. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves; active participation has grown from 416 to 460 since 2022.

Plan summary
Net assets, end of year$115,466,970
Participants with balances823
Active participants460
Employer contributions$2,170,121
Employee contributions$2,007,963
Employer contribution per active participant$4,718
Average account balance$140,300
Benefits paid to participants$7,262,062
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$115.5M · 823 accts · $2.2M emplr
2023$106.4M · 814 accts · $2.4M emplr
2022$94.8M · 802 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,800
Investment management$50,000
Total administrative$62,473
Employer contributions to the Point Park University plan · 2024
Employer contribution per active participant$4,718
Median for plans this size$3,635
2024$4,718 per active participant
2023$5,431 per active participant
2022$4,888 per active participant

Point Park University'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 · 20242
CAPFINANCIAL PARTNERS LLC · Pension consulting$50,000
BAKER TILLY US, LLP · Accounting / audit$8,800

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$62,473 · 0.06%
2023$62,453 · 0.06%
2022$85,412 · 0.09%
Same employer
Similar plansEducational Services · Pennsylvania
Lebanon Valley College PA$136.0M · 0.05%
Saint Francis University PA$127.9M · 0.42%
Albright College PA$120.5M · 0.03%
McKissock LLC PA$120.3M · 0.11%
Germantown Academy PA$101.9M · 0.06%
The Haverford School PA$101.5M · 0.15%
Lycoming College PA$97.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251094922 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.