Plan Ledger DOL Form 5500 · updated monthly

Shore Country Day School403(b)

SHORE COUNTRY DAY SCHOOL 403(B) DC PLAN · BEVERLY, MA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Shore Country Day School reported $39,354 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $4,392 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 0.12% to 0.13%. 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 1,002nd-largest of 2,726 plans among Massachusetts employers on file, and the 1,283rd of 3,091 in educational services. In 2024, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,374,144
Participants with balances222
Active participants95
Employer contributions$417,272
Employee contributions$603,975
Employer contribution per active participant$4,392
Average account balance$136,820
Benefits paid to participants$2,815,952
Plan auditUnmodified (clean) audit opinion
AuditorTONNESON & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$30.4M · 222 accts · $417K emplr
2023$29.0M · 227 accts · $423K emplr
2022$26.1M · 237 accts · $411K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,354
Total administrative$39,354
Employer contributions to the Shore Country Day School plan · 2024
Employer contribution per active participant$4,392
Median for plans this size$2,416
2024$4,392 per active participant
2023$4,862 per active participant
2022$4,417 per active participant

Shore Country Day School'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.

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 · 20243
TONNESON & COMPANY PC · Accounting / audit$16,273
TIAA$12,025
PLANPILOT LLC · Investment advisory (plan)$8,917

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$39,354 · 0.13%
2023$28,826 · 0.10%
2022$33,039 · 0.12%
Similar plansEducational Services · Massachusetts
Fisher College MA$32.9M · 0.03%
Bancroft School MA$32.5M · 0.11%
Lighthouse School, Inc. MA$32.5M · 0.56%
Brookwood School MA$31.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104926 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.