Plan Ledger DOL Form 5500 · updated monthly

Reformed Theological Seminary401(k)

REFORMED THEOLOGICAL SEMINARY RETIREMENT PLAN · JACKSON, MS · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Reformed Theological Seminary reported $47,841 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,515 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 0.02% to 0.26%. 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 102nd-largest of 367 plans among Mississippi employers on file, and 1,634th of 3,091 in educational services. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,726,560
Participants with balances227
Active participants181
Employer contributions$636,201
Employee contributions$539,731
Employer contribution per active participant$3,515
Average account balance$82,496
Benefits paid to participants$1,927,158
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 227 accts · $636K emplr
2023$17.7M · 192 accts · $726K emplr
2022$18.0M · 205 accts · $728K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,716
Investment management$41,125
Total administrative$47,841
The Reformed Theological Seminary 401(k) match · 2024
Employer contribution per active participant$3,515
Median for plans this size$2,416
2024$3,515 per active participant
2023$4,273 per active participant
2022$4,112 per active participant

Reformed Theological Seminary'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 · 20242
ELEMENT WEALTH LLC · Investment advisory (plan)$38,908
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$6,716

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$47,841 · 0.26%
2023$4,501 · 0.03%
2022$3,731 · 0.02%
Similar plansEducational Services · Mississippi
Belhaven University MS$30.1M · 0.00%
Drew School CA$18.8M · 0.02%
Donorschoose.Org NY$18.8M · 0.02%
Lowell School, Inc. DC$18.7M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640428676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.