Plan Ledger DOL Form 5500 · updated monthly

Suffield Academy403(b)

SUFFIELD ACADEMY 403(B) RETIREMENT PLAN · SUFFIELD, CT · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Suffield Academy reported $36,457 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,387 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 0.06% to 0.07%. 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 295th-largest of 1,106 plans among Connecticut employers on file, and the 864th of 3,091 in educational services. In 2024, employees put in $1.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,941,589
Participants with balances350
Active participants234
Employer contributions$1,026,588
Employee contributions$1,185,952
Employer contribution per active participant$4,387
Average account balance$154,119
Benefits paid to participants$6,780,461
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.9M · 350 accts · $1.0M emplr
2023$52.1M · 347 accts · $878K emplr
2022$46.1M · 337 accts · $786K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,457
Total administrative$36,457
Employer contributions to the Suffield Academy plan · 2024
Employer contribution per active participant$4,387
Median for plans this size$3,635
2024$4,387 per active participant
2023$3,920 per active participant
2022$3,523 per active participant

Suffield Academy's 2024 employer contribution ran above the $3,635 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
TIAA - TEACHERS INSURANCE AND ANNUI · Recordkeeping$36,457

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$36,457 · 0.07%
2023$29,653 · 0.06%
2022$30,348 · 0.06%
Same employer
Similar plansEducational Services · Connecticut
King School, Inc. CT$58.8M · 0.13%
Avon Old Farms School, Inc. CT$56.2M · 0.05%
Pomfret School CT$55.6M · 0.21%
Hamden Hall School, Inc. CT$51.0M · 0.15%
St. Lukes Foundation, Inc. CT$49.0M · 0.05%
Albertus Magnus College CT$48.1M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 060678539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.