Plan Ledger DOL Form 5500 · updated monthly

South College of Tennessee dba South College401(k)

SOUTH COLLEGE OF TENNESSEE 401(K) RETIREMENT PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

South College of Tennessee dba South College reported $143,109 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,644 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 3 years on file its reported administrative ratio has held roughly steady near 0.453%. 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 355th-largest of 1,496 plans among Tennessee employers on file, and the 1,133rd of 3,091 in educational services. In 2024, employees put in $2.76 for every $1.00 the employer contributed; active participation has grown from 740 to 1,261 since 2022.

Plan summary
Net assets, end of year$36,686,775
Participants with balances1,290
Active participants1,261
Employer contributions$2,072,525
Employee contributions$5,721,215
Employer contribution per active participant$1,644
Average account balance$28,439
Benefits paid to participants$2,853,863
Plan auditUnmodified (clean) audit opinion
AuditorSYMPHONA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$36.7M · 1,290 accts · $2.1M emplr
2023$26.5M · 967 accts · $1.3M emplr
2022$19.9M · 778 accts · $815K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,939
Investment management$25,170
Total administrative$143,109
The South College of Tennessee dba South College 401(k) match · 2024
Employer contribution per active participant$1,644
Median for plans this size$2,416
2024$1,644 per active participant
2023$1,352 per active participant
2022$1,102 per active participant

South College of Tennessee dba South College's 2024 employer contribution ran below 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 · 20244
GREAT-WEST LIFE & INSURANCE COMPANY$85,787
TENNESSEE PENSION ADMINISTRATORS · Contract administrator$32,152
EMPOWER ADVISORY GROUP, LLC · Investment management$15,170
RAYMOND JAMES · Investment advisory (plan)$10,000

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$143,109 · 0.45%
2023$115,577 · 0.50%
2022$91,316 · 0.45%
Similar plansEducational Services · Tennessee
Montgomery Bell Academy TN$46.7M · 0.01%
Harpeth Hall School TN$45.0M · 0.06%
Memphis University School TN$35.1M · 0.05%
Maryville College TN$34.2M · 0.32%
St. Mary's Episcopal School TN$27.7M · 0.15%
Franklin Road Academy TN$27.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621378783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.