Plan Ledger DOL Form 5500 · updated monthly

Sandhills Independent School Corporation403(b)

SANDHILLS INDEPENDENT SCHOOL CORPORATION DEFINED CONTRIBUTION RETIREMENT PLAN · SOUTHERN PINES, NC · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Sandhills Independent School Corporation reported $6,268 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,665 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 0.085% to 0.080%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in North Carolina (1,212th of 2,005), and 2,232nd of 3,091 in educational services. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,422,315
Participants with balances142
Active participants80
Employer contributions$133,200
Employee contributions$251,032
Employer contribution per active participant$1,665
Average account balance$59,312
Benefits paid to participants$376,784
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS JUDY & TUCKER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 142 accts · $133K emplr
2023$7.3M · 176 accts · $117K emplr
2022$6.6M · 141 accts · $136K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,268
Total administrative$6,268
Employer contributions to the Sandhills Independent School Corporation plan · 2024
Employer contribution per active participant$1,665
Median for plans this size$1,313
2024$1,665 per active participant
2023$1,284 per active participant
2022$1,579 per active participant

Sandhills Independent School Corporation's 2024 employer contribution ran above the $1,313 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 · 20242
VANGUARD$6,038
AXA EQUITABLE LIFE INSURANCE · Investment management · Trustee (directed)$230

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$6,268 · 0.08%
2023$6,033 · 0.09%
2022$6,318 · 0.08%
Similar plansEducational Services · North Carolina
Montreat College NC$9.7M · 0.27%
Bennett College NC$8.8M · 0.03%
Davidson Day School NC$6.6M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237125932 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.