Plan Ledger DOL Form 5500 · updated monthly

Queens University of Charlotte403(b)

QUEENS UNIVERSITY OF CHARLOTTE RETIREMENT PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Queens University of Charlotte reported $152,273 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $3,250 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 0.04% to 0.23%. 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 303rd-largest of 2,005 plans among North Carolina employers on file, and the 739th of 3,091 in educational services. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 259 to 328 since 2022.

Plan summary
Net assets, end of year$66,783,720
Participants with balances701
Active participants328
Employer contributions$1,066,114
Employee contributions$1,539,236
Employer contribution per active participant$3,250
Average account balance$95,269
Benefits paid to participants$8,314,148
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.8M · 701 accts · $1.1M emplr
2023$65.7M · 709 accts · $941K emplr
2022$39.8M · 664 accts · $872K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152,273
Total administrative$152,273
Employer contributions to the Queens University of Charlotte plan · 2024
Employer contribution per active participant$3,250
Median for plans this size$3,635
2024$3,250 per active participant
2023$2,816 per active participant
2022$3,365 per active participant

Queens University of Charlotte'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
BDO USA, LLP · Accounting / audit$61,600
FLEXPATH STRATEGIES, LLC · Investment advisory (plan)$26,935
NFP RETIREMENT INC. · Investment advisory (plan)$20,625

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$152,273 · 0.23%
2023$45,566 · 0.09%
2022$18,651 · 0.04%
All plans at this employer2
QUEENS UNIVERSITY OF CHARLOTTE RETIREMENT PLAN403(b)
QUEENS UNIVERSITY OF CHARLOTTE TDA PLAN403(b)
Same employer
Similar plansEducational Services · North Carolina
Guilford College NC$82.8M · 0.07%
Providence Day School, Inc. NC$76.3M · 0.14%
Discovery Education, Inc. NC$72.6M · 0.13%
Durham Academy, Inc. NC$70.7M · 0.05%
Methodist University NC$63.4M · 0.19%
Lenoir-Rhyne University NC$58.0M · 0.11%
Ravenscroft School NC$57.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560530003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.