Plan Ledger DOL Form 5500 · updated monthly

San Francisco Conservatory of Music403(b)

SAN FRANCISCO CONSERVATORY OF MUSIC DC RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

San Francisco Conservatory of Music reported $102,683 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $792 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 0.15% to 0.25%. 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 2,030th-largest of 9,483 plans among California employers on file, and the 1,033rd of 3,091 in educational services. In 2024, employees put in $3.87 for every $1.00 the employer contributed; active participation has grown from 506 to 588 since 2022.

Plan summary
Net assets, end of year$42,491,331
Participants with balances296
Active participants588
Employer contributions$465,947
Employee contributions$1,801,052
Employer contribution per active participant$792
Average account balance$143,552
Benefits paid to participants$2,207,990
Plan auditUnmodified (clean) audit opinion
AuditorHOOD & STRONG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$42.5M · 296 accts · $466K emplr
2023$38.3M · 288 accts · $416K emplr
2022$34.5M · 279 accts · $392K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,183
Investment management$35,000
Audit (IQPA)$13,500
Total administrative$102,683
Employer contributions to the San Francisco Conservatory of Music plan · 2024
Employer contribution per active participant$792
Median for plans this size$2,416
2024$792 per active participant
2023$785 per active participant
2022$776 per active participant

San Francisco Conservatory of Music's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TIAA · Recordkeeping · Pension consulting$54,183
CONCURRENT INVESTMENT ADVISORS, LLC · Investment management$35,000
HOOD & STRONG LLP · Accounting / audit$13,500

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$102,683 · 0.25%
2023$50,052 · 0.14%
2022$48,509 · 0.15%
Same employer
Similar plansEducational Services · California
The Avid Center CA$43.3M · 0.21%
The Thacher School CA$43.2M · 0.12%
Pathways in Education, Inc. CA$42.8M · 0.60%
Khan Academy, Inc. CA$41.4M · 0.31%
Cate School CA$41.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941156610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.