Plan Ledger DOL Form 5500 · updated monthly

The Calais School401(k)

THE CALAIS SCHOOL 401(K) PLAN · WHIPPANY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

The Calais School reported $22,845 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $2,382 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 0.62% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New Jersey (2,011th of 2,419), and 2,663rd of 3,091 in educational services. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,515,510
Participants with balances133
Active participants98
Employer contributions$233,414
Employee contributions$193,633
Employer contribution per active participant$2,382
Average account balance$26,432
Benefits paid to participants$263,144
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.5M · 133 accts · $233K emplr
2023$3.0M · 130 accts · $252K emplr
The The Calais School 401(k) match · 2024
Employer contribution per active participant$2,382
Median for plans this size$1,313
2024$2,382 per active participant
2023$3,148 per active participant

The Calais School's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
EMPOWER ADVISORY GROUP · Investment management$2,879
RED BANK PENSION SERVICES, INC. · Contract administrator$2,500
AMERIPRISE FINANCIALindirect comp

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$22,845 · 0.71%
2023$16,262 · 0.62%
Similar plansEducational Services · New Jersey
Durand, Inc. NJ$4.6M · 0.08%
Banyan School NJ$3.0M · 0.03%
Burn Brae Education, Inc. NJ$2.9M · 0.52%
First Children, LLC. NJ$2.7M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221903027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.