Plan Ledger DOL Form 5500 · updated monthly

St. David's Center dba St. David's Center Child & Family Development403(b)

ST. DAVID'S CENTER 403(B) PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

St. David's Center dba St. David's Center Child & Family Development reported $67,297 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $350 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 0.52%. 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 among the smaller plans on file in Minnesota (1,100th of 1,918), and 1,843rd of 3,091 in educational services. In 2024, employees put in $5.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,305,925
Participants with balances292
Active participants556
Employer contributions$194,576
Employee contributions$1,107,086
Employer contribution per active participant$350
Average account balance$48,993
Benefits paid to participants$529,849
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 292 accts · $195K emplr
2023$11.6M · 249 accts · $225K emplr
2022$9.3M · 238 accts · $201K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,297
Total administrative$67,297
Employer contributions to the St. David's Center dba St. David's Center Child & Family Development plan · 2024
Employer contribution per active participant$350
Median for plans this size$2,416
2024$350 per active participant
2023$450 per active participant
2022$377 per active participant

St. David's Center dba St. David's Center Child & Family Development'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 · 20244
PRINCIPAL LIFE INSURANCE · Contract administrator · Loan processing$64,646
ASCENSUS · Contract administrator · Other services$3,946
MMA SECURITIES LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$67,297 · 0.52%
2023$55,910 · 0.53%
2022$50,736 · 0.51%
Same employer
Similar plansEducational Services · Minnesota
Providence Academy MN$23.1M · 0.04%
Mounds Park Academy MN$18.8M · 0.10%
Groves Academy MN$11.8M · 0.53%
College Possible MN$11.8M · 0.07%
The Marshall School MN$11.6M · 0.08%
Macphail Center for Music MN$10.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411429208 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.