Plan Ledger DOL Form 5500 · updated monthly

School of Rock, LLC401(k)

SCHOOL OF ROCK, LLC 401(K) PLAN · CANTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

School of Rock, LLC reported $3,600 in plan administrative expenses for 2023: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $889 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 1 year on file its reported administrative ratio rose from 0.08% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Massachusetts (2,419th of 2,726), and 2,638th of 3,091 in educational services. In 2023, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 175 to 335 since 2022.

Plan summary
Net assets, end of year$3,761,636
Participants with balances126
Active participants335
Employer contributions$297,876
Employee contributions$561,594
Employer contribution per active participant$889
Average account balance$29,854
Benefits paid to participants$355,542
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$3.8M · 126 accts · $298K emplr
2022$2.7M · 120 accts · $250K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,600
Total administrative$3,600
The School of Rock, LLC 401(k) match · 2023
Employer contribution per active participant$889
Median for plans this size$1,308
2023$889 per active participant
2022$1,428 per active participant

School of Rock, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$3,600 · 0.11%
2022$2,050 · 0.08%
Same employer
Similar plansEducational Services · Massachusetts
Pine Manor College MA$3.3M · 0.01%
Saga Innovations MA$3.2M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202128397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.