Plan Ledger DOL Form 5500 · updated monthly

The Ctc Academy, Inc.403(b)

THE CTC ACADEMY, INC. 403(B) PLAN · FAIR LAWN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

The Ctc Academy, Inc. reported $40,251 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $878 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 0.03% to 0.31%. 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 Jersey (1,304th of 2,419), and 1,867th of 3,091 in educational services. In 2024, employees put in $3.33 for every $1.00 the employer contributed; active participation has grown from 252 to 279 since 2022.

Plan summary
Net assets, end of year$13,820,063
Participants with balances188
Active participants279
Employer contributions$244,875
Employee contributions$816,246
Employer contribution per active participant$878
Average account balance$73,511
Benefits paid to participants$744,734
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 188 accts · $245K emplr
2023$12.0M · 184 accts · $215K emplr
2022$9.8M · 285 accts · $141K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,285
Trustee / custodial$37,966
Total administrative$40,251
The The Ctc Academy, Inc. 401(k) match · 2024
Employer contribution per active participant$878
Median for plans this size$2,416
2024$878 per active participant
2023$816 per active participant
2022$558 per active participant

The Ctc Academy, 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$40,251

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,251 · 0.31%
2023$48,205 · 0.44%
2022$2,247 · 0.03%
Similar plansEducational Services · New Jersey
Rks Associates NJ$15.8M · 0.46%
The Archway Programs NJ$15.6M · 0.64%
Collier Youth Services NJ$15.0M · 0.60%
Classlink, Inc. NJ$13.4M · 0.04%
North Jersey Elks NJ$12.9M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221508549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.