Plan Ledger DOL Form 5500 · updated monthly

Porter-Gaud School403(b)

PORTER-GAUD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Porter-Gaud School reported $71,985 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $5,788 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 0.10% to 0.14%. 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 101st-largest of 807 plans among South Carolina employers on file, and the 867th of 3,091 in educational services. In 2024, the employer put in $1.87 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$53,791,615
Participants with balances593
Active participants320
Employer contributions$1,852,024
Employee contributions$989,434
Employer contribution per active participant$5,788
Average account balance$90,711
Benefits paid to participants$6,104,762
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.8M · 593 accts · $1.9M emplr
2023$51.1M · 610 accts · $1.7M emplr
2022$44.7M · 622 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,985
Total administrative$71,985
Employer contributions to the Porter-Gaud School plan · 2024
Employer contribution per active participant$5,788
Median for plans this size$3,635
2024$5,788 per active participant
2023$4,761 per active participant
2022$4,732 per active participant

Porter-Gaud School'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 · 20243
TIAA$49,864
SMITH & HOWARD PC · Accounting / audit$12,000
CBIZ INVESTMENT ADVISORY · Investment advisory (plan)$7,821

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$71,985 · 0.14%
2023$57,509 · 0.12%
2022$49,641 · 0.10%
Same employer
Similar plansEducational Services · South Carolina
Furman University SC$346.8M · 0.02%
Wofford College SC$108.6M · 0.02%
Bju, Inc. SC$86.8M · 0.27%
Columbia College SC$52.7M · 0.12%
Converse University SC$45.4M · 0.13%
Limestone University SC$36.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570342032 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.