Plan Ledger DOL Form 5500 · updated monthly

Spartanburg Day School403(b)

SPARTANBURG DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · SPARTANBURG, SC · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Spartanburg Day School reported $24,516 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,960 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 0.08% 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 275th-largest of 807 plans among South Carolina employers on file, and 1,606th of 3,091 in educational services. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,740,543
Participants with balances248
Active participants96
Employer contributions$284,160
Employee contributions$401,727
Employer contribution per active participant$2,960
Average account balance$79,599
Benefits paid to participants$868,515
Plan auditUnmodified (clean) audit opinion
AuditorSWAIMBROWN
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $176K emplr
2024$19.7M · 248 accts · $284K emplr
2023$17.6M · 247 accts · $258K emplr
2022$15.3M · 246 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,619
Investment management$897
Total administrative$24,516
Employer contributions to the Spartanburg Day School plan · 2024
Employer contribution per active participant$2,960
Median for plans this size$2,416
2024$2,960 per active participant
2023$2,717 per active participant
2022$2,410 per active participant

Spartanburg Day School's 2024 employer contribution ran above 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 · 20243
SWAIMBROWN PA · Accounting / audit$11,000
TIAA$6,655
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (plan)$5,508

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

Administrative cost history4
2025Not separately reported
2024$24,516 · 0.13%
2023$19,539 · 0.12%
2022$13,140 · 0.08%
Same employer
Similar plansEducational Services · South Carolina
Benedict College SC$26.2M · 0.07%
Newberry College SC$22.2M · 0.10%
Ashley Hall School SC$21.7M · 0.04%
Hammond School SC$15.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570371816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.