Plan Ledger DOL Form 5500 · updated monthly

The Corporation of Western Governors University403(b)

WGU RETIREMENT SAVINGS PLAN · SALT LAKE CITY, UT · plan year 2022

Reported admin expense ratio · 2022
0.23%

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

The Corporation of Western Governors University reported $774,238 in plan administrative expenses for 2022: 0.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,246 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.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other educational services employers. By assets it is the 19th-largest of 848 plans among Utah employers on file, and the 176th of 3,091 in educational services. In 2022, employees put in $1.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$327,223,731
Participants with balances11,519
Active participants7,868
Employer contributions$25,542,246
Employee contributions$28,642,423
Employer contribution per active participant$3,246
Average account balance$28,407
Benefits paid to participants$22,658,163
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN P.C.
Administrative expenses, itemized · 2022
Investment management$277,000
Professional / advisory$22,444
Total administrative$774,238
Employer contributions to the The Corporation of Western Governors University plan · 2022
Employer contribution per active participant$3,246
Median for plans this size$4,065

The Corporation of Western Governors University's 2022 employer contribution ran below the $4,065 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$774,238 · 0.23%
Similar plansEducational Services · Utah
Wgu Corporation UT$532.7M · 0.25%
Quinnipiac University CT$335.0M · 0.06%
The Urban Institute DC$329.9M · 0.07%
Bryn Mawr College PA$329.3M · 0.07%
St. Olaf College MN$326.9M · 0.10%
Punahou School HI$326.2M · 0.08%
Rider University NJ$325.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474365018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.