Plan Ledger DOL Form 5500 · updated monthly

Stephens Institute dba Academy of Art University401(k)

ACADEMY OF ART UNIVERSITY 401(K) RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Stephens Institute dba Academy of Art University reported $199,852 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2 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 fell from 0.38% to 0.24%. 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 1,149th-largest of 9,483 plans among California employers on file, and the 613th of 3,091 in educational services. In 2024, employees put in $1340.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$85,648,422
Participants with balances802
Active participants1,132
Employer contributions$2,596
Employee contributions$3,478,869
Employer contribution per active participant$2
Average account balance$106,794
Benefits paid to participants$7,980,819
Plan auditUnmodified (clean) audit opinion
AuditorALMICH & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$85.6M · 802 accts · $3K emplr
2023$79.2M · 850 accts
2022$68.4M · 873 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,952
Investment management$145,900
Total administrative$199,852
The Stephens Institute dba Academy of Art University 401(k) match · 2024
Employer contribution per active participant$2
Median for plans this size$3,635
2024$2 per active participant
2022$2 per active participant

Stephens Institute dba Academy of Art University's 2024 employer contribution ran below the $3,635 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 · 20243
JULY BUSINESS SERVICES LLC · Recordkeeping$52,871
CERITY PARTNERS · Pension consulting · Investment advisory (participants)$145,900
CHARLES SCHWAB BANK · Custodial · Trusteeindirect 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
2024July Business Services
2023DIGITAL RETIREMENT SOLUTIONS, INC., July Business Services

This plan has changed recordkeepers within these filings. If you left Stephens Institute dba Academy of Art University before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$199,852 · 0.24%
2023$184,552 · 0.25%
2022$300,023 · 0.38%
Same employer
Similar plansEducational Services · California
The Head-Royce School CA$89.0M · 0.13%
Golden Gate University CA$87.6M · 0.41%
The Buckley School CA$85.7M · 0.08%
Westmont College CA$85.1M · 0.13%
The Bishop's School CA$79.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941637804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.