Plan Ledger DOL Form 5500 · updated monthly

Springboard Collaborative401(k)

SPRINGBOARD COLLABORATIVE 403(B) PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Springboard Collaborative reported $5,839 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,063 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 1 year on file its reported administrative ratio fell from 0.22% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Pennsylvania (2,453rd of 3,651), and 2,219th of 3,091 in educational services. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,589,337
Participants with balances172
Active participants662
Employer contributions$703,653
Employee contributions$1,092,192
Employer contribution per active participant$1,063
Average account balance$49,938
Benefits paid to participants$521,114
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$8.6M · 172 accts · $704K emplr
2023$5.7M · 172 accts · $719K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,839
Total administrative$5,839
The Springboard Collaborative 401(k) match · 2024
Employer contribution per active participant$1,063
Median for plans this size$1,313
2024$1,063 per active participant
2023$1,086 per active participant

Springboard Collaborative's 2024 employer contribution ran below the $1,313 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 · 20241
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processingindirect comp

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history2
2024$5,839 · 0.08%
2023$10,067 · 0.22%
Similar plansEducational Services · Pennsylvania
Grier School PA$9.9M
Pace School PA$9.0M · 0.41%
Cgfns International, Inc. PA$8.8M · 0.00%
Learn & Play Inc. PA$8.1M · 0.01%
Dalach LLC PA$7.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453719806 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.