Plan Ledger DOL Form 5500 · updated monthly

St. Mary's Residential Training School401(k)

ST. MARY'S 401(K) PLAN · BOYCE, LA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

St. Mary's Residential Training School reported $2,920 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $533 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 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Louisiana (754th of 884), and 9,903rd of 11,911 in health care & social assistance. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,160,436
Participants with balances251
Active participants152
Employer contributions$80,983
Employee contributions$130,060
Employer contribution per active participant$533
Average account balance$8,607
Benefits paid to participants$341,852
Plan auditUnmodified (clean) audit opinion
AuditorPAYNE, MOORE & HERRINGTON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 251 accts · $81K emplr
2023$2.0M · 234 accts · $74K emplr
2022$1.9M · 214 accts · $79K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,920
Total administrative$2,920
The St. Mary's Residential Training School 401(k) match · 2024
Employer contribution per active participant$533
Median for plans this size$1,313
2024$533 per active participant
2023$728 per active participant
2022$571 per active participant

St. Mary's Residential Training School's 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$2,920 · 0.14%
2023$2,385 · 0.12%
2022$2,657 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
Goodworks, Inc LA$2.3M · 2.53%
Lafourche Arc LA$1.9M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721108412 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.