Plan Ledger DOL Form 5500 · updated monthly

Shipley School403(b)

SHIPLEY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLA · BRYN MAWR, PA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Shipley School reported $20,520 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,189 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 0.03% to 0.04%. 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 752nd-largest of 3,651 plans among Pennsylvania employers on file, and the 880th of 3,091 in educational services. In 2024, employees put in $1.13 for every $1.00 the employer contributed; active participation has grown from 196 to 383 since 2022.

Plan summary
Net assets, end of year$52,595,119
Participants with balances627
Active participants383
Employer contributions$838,235
Employee contributions$945,035
Employer contribution per active participant$2,189
Average account balance$83,884
Benefits paid to participants$3,943,652
Plan auditUnmodified (clean) audit opinion
AuditorTAIT, WELLER & BAKER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$52.6M · 627 accts · $838K emplr
2023$48.6M · 624 accts · $785K emplr
2022$44.1M · 607 accts · $743K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,520
Total administrative$20,520
Employer contributions to the Shipley School plan · 2024
Employer contribution per active participant$2,189
Median for plans this size$3,635
2024$2,189 per active participant
2023$2,018 per active participant
2022$3,790 per active participant

Shipley School'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 · 20241

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$20,520 · 0.04%
2023$18,659 · 0.04%
2022$16,512 · 0.03%
Same employer
Similar plansEducational Services · Pennsylvania
Waynesburg University PA$59.1M · 0.04%
The Episcopal Academy PA$58.3M · 0.05%
The Agnes Irwin School PA$57.6M · 0.06%
Carlow University PA$56.1M · 0.06%
Cedar Crest College PA$52.5M · 0.17%
Pf I Carrus Services, LLC PA$52.1M · 0.28%
Wyoming Seminary PA$50.7M · 0.16%
Penn Foster, Inc. PA$48.8M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231352677 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.