Plan Ledger DOL Form 5500 · updated monthly

Teach for America, Inc.403(b)

TEACH FOR AMERICA, INC. 403(B) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Teach for America, Inc. reported $382,732 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $4,538 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 0.03% to 0.18%. 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 423rd-largest of 5,648 plans among New York employers on file, and the 253rd of 3,091 in educational services. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$223,904,200
Participants with balances2,175
Active participants1,176
Employer contributions$5,337,136
Employee contributions$8,897,939
Employer contribution per active participant$4,538
Average account balance$102,944
Benefits paid to participants$16,739,447
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$223.9M · 2,175 accts · $5.3M emplr
2023$206.0M · 2,261 accts · $5.6M emplr
2022$176.4M · 2,488 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$308,358
Investment management$74,374
Total administrative$382,732
Employer contributions to the Teach for America, Inc. plan · 2024
Employer contribution per active participant$4,538
Median for plans this size$3,635
2024$4,538 per active participant
2023$4,897 per active participant
2022$5,192 per active participant

Teach for America, Inc.'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$308,357
PLEXUS FINANCIAL SVCS, LLC · Investment advisory (plan)$74,374
CROWE LLP · Accounting / auditindirect 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$382,732 · 0.18%
2023$52,014 · 0.03%
2022$47,347 · 0.03%
Same employer
Similar plansEducational Services · New York
Horace Mann School NY$252.2M · 0.09%
Le Moyne College NY$222.7M · 0.05%
Sarah Lawrence College NY$213.4M · 0.03%
St. John Fisher University NY$197.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133541913 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.