Plan Ledger DOL Form 5500 · updated monthly

Samford University403(b)

SAMFORD UNIVERSITY 403(B) SALARY DEFERRAL AND DEFINED CONTRIBUTION PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Samford University reported $190,399 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $3,988 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 fell from 0.34% to 0.16%. 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 59th-largest of 902 plans among Alabama employers on file, and the 432nd of 3,091 in educational services. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$127,048,729
Participants with balances1,645
Active participants1,596
Employer contributions$6,365,333
Employee contributions$5,730,669
Employer contribution per active participant$3,988
Average account balance$77,233
Benefits paid to participants$7,511,624
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$127.0M · 1,645 accts · $6.4M emplr
2023$108.0M · 1,553 accts · $5.9M emplr
2022$90.6M · 1,741 accts · $5.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,580
Investment management$40,362
Audit (IQPA)$29,457
Total administrative$190,399
Employer contributions to the Samford University plan · 2024
Employer contribution per active participant$3,988
Median for plans this size$3,635
2024$3,988 per active participant
2023$4,137 per active participant
2022$3,641 per active participant

Samford University's 2024 employer contribution ran above 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 · 20245
TIAA · Investment management · Recordkeeping$37,105
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$82,984
JOHNSON STERLING, INC. · Investment advisory (plan)$33,825
CROWE LLP · Accounting / audit$29,457
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,537

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$190,399 · 0.16%
2023$72,807 · 0.07%
2022$324,369 · 0.34%
Same employer
Similar plansEducational Services · Alabama
Saint Francis University PA$127.9M · 0.42%
The Blake School MN$127.5M · 0.11%
Loomis Chaffee School CT$126.4M · 0.02%
The Lovett School, Inc. GA$125.7M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630312914 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.