Plan Ledger DOL Form 5500 · updated monthly

Tennessee Independent Colleges and Universities Association, Inc.403(b)

TICUA 403(B) DEFINED CONTRIBUTION PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Tennessee Independent Colleges and Universities Association, Inc. reported $658,350 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,917 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 0.49% to 0.45%. 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 119th-largest of 1,496 plans among Tennessee employers on file, and the 361st of 3,091 in educational services. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has grown from 723 to 1,238 since 2022.

Plan summary
Net assets, end of year$150,284,620
Participants with balances2,080
Active participants1,238
Employer contributions$2,372,846
Employee contributions$3,575,811
Employer contribution per active participant$1,917
Average account balance$72,252
Benefits paid to participants$13,781,757
Plan auditDisclaimer of opinion
AuditorPLANCHECK CPA'S LLC
Plan history3
Yearassets · accounts · employer contribution
2024$150.3M · 2,080 accts · $2.4M emplr
2023$140.0M · 2,240 accts · $1.7M emplr
2022$83.6M · 1,266 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$648,631
Audit (IQPA)$9,719
Total administrative$658,350
Employer contributions to the Tennessee Independent Colleges and Universities Association, Inc. plan · 2024
Employer contribution per active participant$1,917
Median for plans this size$3,635
2024$1,917 per active participant
2023$1,223 per active participant
2022$1,974 per active participant

Tennessee Independent Colleges and Universities Association, Inc.'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 · 20246
MILLENNIUM ADVISORY SERVICES, INC · Investment advisory (participants)$239,222
PENTEGRA SERVICES, INC · Plan administrator$68,457
TIAA-TEACHERS INS & ANNUIT ASSOC · Contract administrator$67,434
SAGEVIEW ADVISORY GROUP · Investment advisory (participants)$58,436
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$15,704
FTB ADVISOR INC · Investment advisory (plan)$8,403

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$658,350 · 0.45%
2023$549,482 · 0.49%
2022$450,047 · 0.49%
Similar plansEducational Services · Tennessee
Vanderbilt University TN$2.5B · 0.03%
Rhodes College TN$173.9M · 0.00%
Lipscomb University TN$152.2M · 0.11%
Meharry Medical College TN$136.1M · 0.18%
Baylor School Dc Plan TN$76.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621155139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.