Plan Ledger DOL Form 5500 · updated monthly

Sanford School403(b)

SANFORD SCHOOL 403(B) DC PLAN CONTRIBUTION RETIREMENT PLAN · HOCKESSIN, DE · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Sanford School reported $69,086 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,015 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 0.21% to 0.22%. 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 76th-largest of 242 plans among Delaware employers on file, and the 1,241st of 3,091 in educational services. In 2024, employees put in $2.80 for every $1.00 the employer contributed; active participation has grown from 187 to 206 since 2022.

Plan summary
Net assets, end of year$31,936,643
Participants with balances255
Active participants206
Employer contributions$209,103
Employee contributions$585,334
Employer contribution per active participant$1,015
Average account balance$125,242
Benefits paid to participants$2,900,414
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 255 accts · $209K emplr
2023$30.6M · 260 accts · $197K emplr
2022$28.0M · 255 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,086
Total administrative$69,086
Employer contributions to the Sanford School plan · 2024
Employer contribution per active participant$1,015
Median for plans this size$2,416
2024$1,015 per active participant
2023$1,008 per active participant
2022$922 per active participant

Sanford School'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 · 20242
TIAA · Recordkeeping$20,414
BIDDLE CAPITAL MANAGEMENT, INC. · Insurance broker · Insurance services$48,747

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$69,086 · 0.22%
2023$60,782 · 0.21%
2022$55,880 · 0.21%
Same employer
Similar plansEducational Services · Delaware
Tower Hill School DE$64.7M · 0.09%
The Tatnall School, Inc DE$42.0M · 0.00%
Goldey-Beacom College, Inc. DE$25.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510064331 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.