Plan Ledger DOL Form 5500 · updated monthly

Sherman College of Straight Chiropractic403(b)

SHERMAN COLLEGE OF STRAIGHT CHIROPRACTIC · BOILING SPRINGS, SC · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Sherman College of Straight Chiropractic reported $17,450 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $3,595 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 0.02% to 0.16%. 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 396th-largest of 807 plans among South Carolina employers on file, and 1,987th of 3,091 in educational services. In 2024, employees put in $1.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,665,843
Participants with balances180
Active participants101
Employer contributions$363,049
Employee contributions$449,553
Employer contribution per active participant$3,595
Average account balance$64,810
Benefits paid to participants$192,751
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 180 accts · $363K emplr
2023$9.6M · 194 accts · $328K emplr
2022$8.2M · 177 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,300
Total administrative$17,450
Employer contributions to the Sherman College of Straight Chiropractic plan · 2024
Employer contribution per active participant$3,595
Median for plans this size$2,416
2024$3,595 per active participant
2023$3,007 per active participant
2022$3,118 per active participant

Sherman College of Straight Chiropractic's 2024 employer contribution ran above the $2,416 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 · 20242
CAP FINANCIAL PARTNERS, LLC · Investment advisory (plan)$10,298
PENTEGRA SERVICES, INC. · Contract administrator$6,630

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$17,450 · 0.16%
2023$1,473 · 0.02%
2022Not separately reported
Same employer
Similar plansEducational Services · South Carolina
Hammond School SC$15.8M · 0.00%
Southside Christian School SC$12.8M · 0.21%
Meeting Street Schools SC$9.7M · 0.97%
Legacy Advancement SC$7.1M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237242844 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.