Plan Ledger DOL Form 5500 · updated monthly

Southern College of Optometry403(b)

SOUTHERN COLLEGE OF OPTOMETRY DEFINED CONTRIBUTION PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Southern College of Optometry reported $139,334 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $7,376 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 0.18%. 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 201st-largest of 1,496 plans among Tennessee employers on file, and the 646th of 3,091 in educational services. In 2024, the employer put in $1.87 for every $1.00 employees contributed themselves; active participation has grown from 208 to 241 since 2022.

Plan summary
Net assets, end of year$80,621,289
Participants with balances386
Active participants241
Employer contributions$1,777,639
Employee contributions$951,705
Employer contribution per active participant$7,376
Average account balance$208,863
Benefits paid to participants$5,571,447
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$80.6M · 386 accts · $1.8M emplr
2023$75.9M · 386 accts · $1.7M emplr
2022$71.0M · 383 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$139,334
Total administrative$139,334
Employer contributions to the Southern College of Optometry plan · 2024
Employer contribution per active participant$7,376
Median for plans this size$3,635
2024$7,376 per active participant
2023$8,842 per active participant
2022$7,915 per active participant

Southern College of Optometry's 2024 employer contribution ran above the $3,635 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 · 20242
TIAA-TEACHERS INSURANCE AND ANNUITY · Recordkeeping · Participant communication$87,915
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (participants) · Investment advisory (plan)$51,868

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$139,334 · 0.18%
2023$143,627 · 0.20%
2022$127,753 · 0.19%
Same employer
Similar plansEducational Services · Tennessee
Lipscomb University TN$152.2M · 0.11%
Meharry Medical College TN$136.1M · 0.18%
Baylor School Dc Plan TN$76.7M · 0.09%
Lincoln Memorial University TN$73.2M · 0.30%
Lee University TN$66.5M · 0.04%
The McCallie School TN$64.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620548917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.