Plan Ledger DOL Form 5500 · updated monthly

The Benedictine School for Exceptional Children, Inc403(b)

THE BENEDICTINE SCHOOL FOR EXCEPTIONAL CHILDREN, INC. 403(B) PLAN · RIDGELY, MD · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

The Benedictine School for Exceptional Children, Inc reported $71,583 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $669 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 0.44% to 0.59%. 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 Maryland (870th of 1,671), and 1,943rd of 3,091 in educational services. In 2024, employees put in $2.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,470,572
Participants with balances332
Active participants383
Employer contributions$256,153
Employee contributions$688,176
Employer contribution per active participant$669
Average account balance$37,562
Benefits paid to participants$1,208,533
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN SONDERG WIMBISH & STONE, PA
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 332 accts · $256K emplr
2023$11.7M · 357 accts · $425K emplr
2022$10.9M · 355 accts · $373K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,583
Total administrative$71,583
Employer contributions to the The Benedictine School for Exceptional Children, Inc plan · 2024
Employer contribution per active participant$669
Median for plans this size$2,416
2024$669 per active participant
2023$1,111 per active participant
2022$1,007 per active participant

The Benedictine School for Exceptional Children, Inc'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$71,582
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)indirect 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$71,583 · 0.59%
2023$65,690 · 0.58%
2022$46,150 · 0.44%
Same employer
Similar plansEducational Services · Maryland
The Children's Guild, Inc MD$10.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520787237 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.