Plan Ledger DOL Form 5500 · updated monthly

Proctor Academy401(k)

PROCTOR ACADEMY 401(K) SAVINGS PLAN · ANDOVER, NH · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Proctor Academy reported $81,114 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,692 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 0.08% to 0.38%. 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 164th-largest of 411 plans among New Hampshire employers on file, and the 1,517th of 3,091 in educational services. In 2024, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,284,445
Participants with balances254
Active participants266
Employer contributions$716,161
Employee contributions$1,000,769
Employer contribution per active participant$2,692
Average account balance$87,734
Benefits paid to participants$2,324,677
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 254 accts · $716K emplr
2023$20.1M · 254 accts · $719K emplr
2022$16.1M · 258 accts · $663K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,114
Total administrative$81,114
The Proctor Academy 401(k) match · 2024
Employer contribution per active participant$2,692
Median for plans this size$2,416
2024$2,692 per active participant
2023$2,604 per active participant
2022$2,491 per active participant

Proctor Academy'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 · 20243
GALLAGHER BENEFIT SERVICES INC · Investment advisory (plan)$41,045
EMPOWER ADVISORY GROUP, LLC · Investment management$2,364

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$81,114 · 0.38%
2023$61,889 · 0.34%
2022$14,108 · 0.08%
Same employer
Similar plansEducational Services · New Hampshire
Kimball Union Academy NH$31.8M · 0.18%
Cardigan Mountain School NH$27.1M · 0.32%
Coe-Brown Northwood Academy NH$24.9M · 0.00%
The New Hampton School NH$21.7M · 0.03%
Dublin School NH$11.1M · 0.37%
Becket Academy NH$9.8M · 0.07%
Mount Prospect Academy NH$9.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020222179 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.