Plan Ledger DOL Form 5500 · updated monthly

Salisbury School403(b)

SALISBURY SCHOOL DC RETIREMENT PLAN · SALISBURY, CT · plan year 2025

Reported admin expense ratio · 2025
0.03%

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

Salisbury School reported $11,523 in plan administrative expenses for 2025: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,130 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 3 years on file its reported administrative ratio fell from 0.09% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other educational services employers. By assets it is the 327th-largest of 1,106 plans among Connecticut employers on file, and the 1,021st of 3,091 in educational services. In 2025, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,351,809
Participants with balances344
Active participants184
Employer contributions$943,948
Employee contributions$953,221
Employer contribution per active participant$5,130
Average account balance$126,023
Benefits paid to participants$2,034,540
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$43.4M · 344 accts · $944K emplr
2024$37.0M · 336 accts · $914K emplr
2023$33.5M · 349 accts · $787K emplr
2022$28.3M · 346 accts · $681K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$11,522
Audit (IQPA)$1
Total administrative$11,523
Employer contributions to the Salisbury School plan · 2025
Employer contribution per active participant$5,130
Median for plans this size$2,666
2025$5,130 per active participant
2024$5,509 per active participant
2023$4,302 per active participant
2022$3,911 per active participant

Salisbury School's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top quarter of its peers. 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
TIAA-TEACHERS INSURANCE AND ANNUITY · Contract administrator · Recordkeeping$1,575
FIDUCIENT ADVISORS, LLC$7,034

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

Recordkeeper by year2
2025TIAA
2024TIAA

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

Administrative cost history4
2025$11,523 · 0.03%
2024$6,009 · 0.02%
2023$25,404 · 0.08%
2022$26,380 · 0.09%
Same employer
Similar plansEducational Services · Connecticut
Hamden Hall School, Inc. CT$51.0M · 0.15%
St. Lukes Foundation, Inc. CT$49.0M · 0.05%
Albertus Magnus College CT$48.1M · 0.05%
Mitchell College CT$36.6M · 0.09%
Kingswood Oxford School CT$35.2M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060646888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.