Plan Ledger DOL Form 5500 · updated monthly

Sterling College403(b)

STERLING COLLEGE DEFINED CONTRIBUTION PLAN · STERLING, KS · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Sterling College reported $33,627 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $476 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 0.12% to 0.26%. 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 Kansas (418th of 828), and 1,902nd of 3,091 in educational services. In 2024, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,257,913
Participants with balances407
Active participants181
Employer contributions$86,158
Employee contributions$270,165
Employer contribution per active participant$476
Average account balance$32,575
Benefits paid to participants$968,909
Plan auditUnmodified (clean) audit opinion
AuditorSWINDOLL, JANZEN, HAWK & LOYD, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 407 accts · $86K emplr
2023$12.4M · 454 accts · $82K emplr
2022$11.4M · 454 accts · $77K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,676
Investment management$9,951
Total administrative$33,627
Employer contributions to the Sterling College plan · 2024
Employer contribution per active participant$476
Median for plans this size$2,416
2024$476 per active participant
2023$426 per active participant
2022$407 per active participant

Sterling College'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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$23,676
MARINER WEALTH · Investment advisory (participants) · Investment advisory (plan)$9,951

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$33,627 · 0.26%
2023$30,034 · 0.25%
2022$15,488 · 0.12%
Same employer
Similar plansEducational Services · Kansas
Tabor College, Inc. KS$23.3M · 0.17%
McPherson College KS$23.0M · 0.37%
Wichita Collegiate School KS$21.5M · 0.39%
Rainbows United, Inc. KS$10.7M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480543728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.