Plan Ledger DOL Form 5500 · updated monthly

Providence Day School, Inc.403(b)

PROVIDENCE DAY SCHOOL DEFINED CONTRIBUTION PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Providence Day School, Inc. reported $105,049 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $3,350 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 0.12% 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 266th-largest of 2,005 plans among North Carolina employers on file, and the 672nd of 3,091 in educational services. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$76,318,256
Participants with balances570
Active participants404
Employer contributions$1,353,289
Employee contributions$2,093,231
Employer contribution per active participant$3,350
Average account balance$133,892
Benefits paid to participants$5,271,323
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$76.3M · 570 accts · $1.4M emplr
2023$70.1M · 570 accts · $1.3M emplr
2022$64.7M · 565 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,001
Total administrative$105,049
Employer contributions to the Providence Day School, Inc. plan · 2024
Employer contribution per active participant$3,350
Median for plans this size$3,635
2024$3,350 per active participant
2023$3,200 per active participant
2022$2,985 per active participant

Providence Day School, Inc.'s 2024 employer contribution ran below 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 · Recordkeeping$39,840
MMA SECURITIES · Investment advisory (plan)$56,250
MCGUIRE WOODS · Legal$9,288

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

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$105,049 · 0.14%
2023$77,697 · 0.12%
2022$74,156 · 0.12%
Same employer
Similar plansEducational Services · North Carolina
Wingate University NC$97.0M · 0.15%
Meredith College NC$94.1M · 0.06%
Guilford College NC$82.8M · 0.07%
Discovery Education, Inc. NC$72.6M · 0.13%
Durham Academy, Inc. NC$70.7M · 0.05%
Methodist University NC$63.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560952382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.