Plan Ledger DOL Form 5500 · updated monthly

Providence Academy403(b)

PROVIDENCE ACADEMY DEFINED CONTRIBUTION RETIREMENT PLAN · PLYMOUTH, MN · plan year 2025

Reported admin expense ratio · 2025
0.04%

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

Providence Academy reported $9,266 in plan administrative expenses for 2025: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,777 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 3 years on file its reported administrative ratio rose from 0.00% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other educational services employers. By assets it is the 823rd-largest of 1,918 plans among Minnesota employers on file, and the 1,483rd of 3,091 in educational services. In 2025, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,052,745
Participants with balances196
Active participants136
Employer contributions$377,604
Employee contributions$598,434
Employer contribution per active participant$2,777
Average account balance$117,616
Benefits paid to participants$3,226,013
Plan auditDisclaimer of opinion
Plan history4
Yearassets · accounts · employer contribution
2025$23.1M · 196 accts · $378K emplr
2024$22.2M · 199 accts · $369K emplr
2023$20.0M · 200 accts · $329K emplr
2022$16.7M · 196 accts · $328K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$9,266
Total administrative$9,266
Employer contributions to the Providence Academy plan · 2025
Employer contribution per active participant$2,777
Median for plans this size$2,666
2025$2,777 per active participant
2024$2,751 per active participant
2023$2,352 per active participant
2022$2,357 per active participant

Providence Academy's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
TIAA · Recordkeeping · Custodial$2,263
PENTEGRA SERVICES, INC. · Plan administrator$7,003

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$9,266 · 0.04%
2024$1,847 · 0.01%
2023$327 · 0.00%
2022$125 · 0.00%
Same employer
Similar plansEducational Services · Minnesota
Shattuck-St. Mary's School MN$30.4M · 0.10%
Mounds Park Academy MN$18.8M · 0.10%
Groves Academy MN$11.8M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411883866 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.