Plan Ledger DOL Form 5500 · updated monthly

Teaching Matters IncDC plan

TEACHING MATTERS INC. DEFINED CONTRIBUTION RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Teaching Matters Inc reported $1,697 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,718 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 1 year on file its reported administrative ratio rose from 0.00% to 0.02%. 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 New York (3,429th of 5,648), and 2,010th of 3,091 in educational services. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,316,404
Participants with balances148
Active participants94
Employer contributions$255,496
Employee contributions$534,176
Employer contribution per active participant$2,718
Average account balance$76,462
Benefits paid to participants$1,416,882
Plan auditUnmodified (clean) audit opinion
AuditorCONDON O'MEARA MCGINTY AND DONNELLY
Plan history2
Yearassets · accounts · employer contribution
2024$11.3M · 148 accts · $255K emplr
2023$10.4M · 141 accts · $334K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$587
Total administrative$1,697
Employer contributions to the Teaching Matters Inc plan · 2024
Employer contribution per active participant$2,718
Median for plans this size$2,416
2024$2,718 per active participant
2023$3,791 per active participant

Teaching Matters Inc's 2024 employer contribution ran above the $2,416 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 · Recordkeeping$418

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

Administrative cost history2
2024$1,697 · 0.02%
2023$75 · 0.00%
Similar plansEducational Services · New York
Nardin Academy NY$11.8M · 0.01%
Trocaire College NY$11.4M · 0.09%
The Park School of Buffalo NY$11.2M · 0.00%
Maria College NY$11.1M

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Source: U.S. Department of Labor, Form 5500 series, EIN 133770472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.