Severn School, Inc.403(b)
SEVERN SCHOOL 403(B) RETIREMENT PLAN · SEVERNA PARK, MD · plan year 2024
Severn School, 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 $56,610,820 across 452 participant accounts, with employer contributions averaging $5,083 per active participant. See methodology for what Form 5500 does and doesn't capture.
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 296th-largest of 1,671 plans among Maryland employers on file, and the 836th of 3,091 in educational services. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves; active participation has grown from 167 to 215 since 2022.
Severn School, Inc.'s 2024 employer contribution ran above 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 520591466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.