Plan Ledger DOL Form 5500 · updated monthly

South University Savannah, LLC401(k)

SOUTH UNIVERSITY RETIREMENT PLAN · SAVANNAH, GA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

South University Savannah, LLC reported $186,494 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $437 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 0.61% to 0.65%. 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 647th-largest of 2,160 plans among Georgia employers on file, and the 1,249th of 3,091 in educational services. In 2024, employees put in $3.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,704,439
Participants with balances969
Active participants2,330
Employer contributions$1,017,788
Employee contributions$3,657,639
Employer contribution per active participant$437
Average account balance$32,719
Benefits paid to participants$2,790,708
Plan auditUnmodified (clean) audit opinion
AuditorSYMPHONA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$31.7M · 969 accts · $1.0M emplr
2023$25.9M · 919 accts · $885K emplr
2022$20.2M · 812 accts · $774K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,776
Investment management$53,808
Trustee / custodial$6,540
Total administrative$186,494
The South University Savannah, LLC 401(k) match · 2024
Employer contribution per active participant$437
Median for plans this size$2,416
2024$437 per active participant
2023$368 per active participant
2022$342 per active participant

South University Savannah, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$121,776
THE FIDUCIARY GROUP · Investment advisory (plan)$53,809
FIDELITY INVESTMENTS · Custodial (securities) · Trustee$10,910

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$186,494 · 0.65%
2023$140,888 · 0.61%
2022$128,390 · 0.61%
Same employer
Similar plansEducational Services · Georgia
Trinity School, Inc. GA$36.8M · 0.11%
Atlanta Speech School, Inc. GA$35.9M · 0.28%
The Walker School GA$32.6M · 0.11%
Lagrange College GA$28.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821659323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.