Plan Ledger DOL Form 5500 · updated monthly

Savannah College of Art and Design403(b)

SAVANNAH COLLEGE OF ART AND DESIGN RETIREMENT PLAN · SAVANNAH, GA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Savannah College of Art and Design reported $238,464 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $3,234 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 0.10% to 0.11%. 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 158th-largest of 2,160 plans among Georgia employers on file, and the 258th of 3,091 in educational services. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$222,119,888
Participants with balances2,508
Active participants1,941
Employer contributions$6,276,634
Employee contributions$9,647,716
Employer contribution per active participant$3,234
Average account balance$88,565
Benefits paid to participants$13,299,229
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$222.1M · 2,508 accts · $6.3M emplr
2023$194.2M · 2,186 accts · $5.0M emplr
2022$162.8M · 2,419 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$238,464
Total administrative$238,464
The Savannah College of Art and Design 401(k) match · 2024
Employer contribution per active participant$3,234
Median for plans this size$3,635
2024$3,234 per active participant
2023$3,085 per active participant
2022$2,576 per active participant

Savannah College of Art and Design's 2024 employer contribution ran below 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 · 20243
CAP FINANCIAL PARTNERS, LLC · Investment advisory (plan)$189,374
TIAA$34,990
HANCOCK ASKEW & CO., LLP · Accounting / audit$19,500

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$238,464 · 0.11%
2023$123,019 · 0.07%
2022$169,051 · 0.10%
Same employer
Similar plansEducational Services · Georgia
Mercer University GA$558.7M · 0.02%
Morehouse School of Medicine GA$260.1M · 0.04%
Westminster Schools GA$181.3M · 0.10%
Berry College, Inc. GA$162.6M · 0.03%
Woodward Academy, Inc. GA$133.9M · 0.14%
The Lovett School, Inc. GA$125.7M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581357177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.