Plan Ledger DOL Form 5500 · updated monthly

Saint Martins University403(b)

SAINT MARTIN'S UNIVERSITY 403(B) PLAN · LACEY, WA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Saint Martins University reported $63,210 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,459 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 1 year on file its reported administrative ratio rose from 0.13% to 0.19%. 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 485th-largest of 1,714 plans among Washington employers on file, and the 1,202nd of 3,091 in educational services. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,615,578
Participants with balances577
Active participants412
Employer contributions$601,021
Employee contributions$902,762
Employer contribution per active participant$1,459
Average account balance$58,259
Benefits paid to participants$3,866,430
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.6M · 577 accts · $601K emplr
2023$32.3M · 554 accts · $532K emplr
2022$29.1M · 557 accts · $748K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,210
Total administrative$63,210
Employer contributions to the Saint Martins University plan · 2024
Employer contribution per active participant$1,459
Median for plans this size$2,416
2024$1,459 per active participant
2023$1,130 per active participant
2022$1,650 per active participant

Saint Martins University's 2024 employer contribution ran below 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 · 20243
NATIONWIDE · Contract administrator · Recordkeeping$46,317
LPL FINANCIAL LLC · Investment advisory (participants) · Investment advisory (plan)$45,958
DEFINITI LLC · Accounting / audit · Plan administrator$7,400

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024$63,210 · 0.19%
2023$38,719 · 0.13%
2022Not separately reported
Same employer
Similar plansEducational Services · Washington
The Overlake School WA$45.0M · 0.08%
Charles Wright Academy WA$42.3M · 0.00%
The Evergreen School WA$31.2M · 0.05%
Annie Wright Schools WA$30.7M · 0.14%
Cornish College of the Arts WA$28.2M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910564993 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.