Plan Ledger DOL Form 5500 · updated monthly

School Year Abroad, Inc.403(b)

SCHOOL YEAR ABROAD 403(B) DC PLAN · NORTH ANDOVER, MA · plan year 2024

Employer contribution per participant · 2024
$5,337

School Year Abroad, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $10,433,816 across 151 participant accounts, with employer contributions averaging $5,337 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 among the smaller plans on file in Massachusetts (1,867th of 2,726), and 2,078th of 3,091 in educational services. In 2024, the employer put in $1.41 for every $1.00 employees contributed themselves; active participation has grown from 21 to 33 since 2022.

Plan summary
Net assets, end of year$10,433,816
Participants with balances151
Active participants33
Employer contributions$176,127
Employee contributions$125,094
Employer contribution per active participant$5,337
Average account balance$69,098
Benefits paid to participants$1,144,170
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 151 accts · $176K emplr
2023$9.6M · 160 accts · $164K emplr
2022$8.0M · 156 accts · $156K emplr
Employer contributions to the School Year Abroad, Inc. plan · 2024
Employer contribution per active participant$5,337
Median for plans this size$2,416
2024$5,337 per active participant
2023$6,549 per active participant
2022$7,437 per active participant

School Year Abroad, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansEducational Services · Massachusetts
Little Sprouts, LLC MA$11.1M · 0.39%
Evergreen Center, Inc. MA$11.0M · 0.01%
Beverly School for the Deaf MA$10.7M · 0.00%
Navitas USA Holdings, LLC MA$9.5M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042589375 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.