Plan Ledger DOL Form 5500 · updated monthly

Riverside Military Academy, Inc.403(b)

RIVERSIDE MILITARY ACADEMY, INC. DEFINED CONTRIBUTION RETIREMENT PLAN · GAINESVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Riverside Military Academy, Inc. reported $3,499 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,782 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 0.00% to 0.02%. 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 911th-largest of 2,160 plans among Georgia employers on file, and 1,644th of 3,091 in educational services. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves; active participation has shrunk from 173 to 88 since 2022.

Plan summary
Net assets, end of year$18,555,066
Participants with balances329
Active participants88
Employer contributions$244,844
Employee contributions$231,581
Employer contribution per active participant$2,782
Average account balance$56,398
Benefits paid to participants$703,370
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 329 accts · $245K emplr
2023$17.1M · 330 accts · $265K emplr
2022$16.4M · 327 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,499
Total administrative$3,499
Employer contributions to the Riverside Military Academy, Inc. plan · 2024
Employer contribution per active participant$2,782
Median for plans this size$2,416
2024$2,782 per active participant
2023$2,980 per active participant
2022$1,610 per active participant

Riverside Military Academy, Inc.'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 · 20241
TIAA$3,573

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$3,499 · 0.02%
2023$1,859 · 0.01%
2022$260 · 0.00%
Same employer
Similar plansEducational Services · Georgia
George Walton Academy, Inc GA$18.8M · 0.01%
The Schenck School, Inc. GA$18.6M · 0.00%
Rabun Gap-Nacoochee School GA$15.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580616994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.