Plan Ledger DOL Form 5500 · updated monthly

Point University401(k)

POINT UNIVERSITY RETIREMENT SAVINGS PLAN · WEST POINT, GA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Point University reported $38,605 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $429 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 0.56% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Georgia (1,451st of 2,160), and 2,331st of 3,091 in educational services. In 2024, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,020,194
Participants with balances177
Active participants488
Employer contributions$209,322
Employee contributions$478,938
Employer contribution per active participant$429
Average account balance$39,662
Benefits paid to participants$632,834
Plan auditUnmodified (clean) audit opinion
AuditorKASSOUF & CO., P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 177 accts · $209K emplr
2023$6.0M · 171 accts · $203K emplr
2022$5.0M · 159 accts · $174K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,294
Investment management$27,311
Total administrative$38,605
The Point University 401(k) match · 2024
Employer contribution per active participant$429
Median for plans this size$1,313
2024$429 per active participant
2023$964 per active participant
2022$361 per active participant

Point University's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$24,756
EMPOWER ADVISORY GROUP, LLC · Investment management$2,555

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$38,605 · 0.59%
2023$33,530 · 0.61%
2022$30,070 · 0.56%
Same employer
Similar plansEducational Services · Georgia
Tattnall Square Academy GA$6.7M · 0.24%
Cerifi, LLC GA$6.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 586044761 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.