Plan Ledger DOL Form 5500 · updated monthly

The Culver Educational Foundation403(b)

CULVER EDUCATIONAL FOUNDATION DEFINED CONTRIBUTION RETIREMENT PLAN · CULVER, IN · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

The Culver Educational Foundation reported $104,992 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $5,914 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 0.12% to 0.14%. 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 182nd-largest of 1,562 plans among Indiana employers on file, and the 643rd of 3,091 in educational services. In 2024, the employer put in $1.35 for every $1.00 employees contributed themselves; active participation has grown from 463 to 516 since 2022.

Plan summary
Net assets, end of year$80,839,559
Participants with balances814
Active participants516
Employer contributions$3,051,552
Employee contributions$2,256,345
Employer contribution per active participant$5,914
Average account balance$99,311
Benefits paid to participants$7,021,374
Plan auditDisclaimer of opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$80.8M · 814 accts · $3.1M emplr
2023$73.1M · 781 accts · $3.0M emplr
2022$66.0M · 766 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,242
Investment management$13,750
Total administrative$104,992
Employer contributions to the The Culver Educational Foundation plan · 2024
Employer contribution per active participant$5,914
Median for plans this size$3,635
2024$5,914 per active participant
2023$6,029 per active participant
2022$5,875 per active participant

The Culver Educational Foundation's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TIAA · Contract administrator$105,116
CAP FINANCIAL PARTNERS, LLC · Investment advisory (plan)$13,750

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$104,992 · 0.14%
2023$95,513 · 0.14%
2022$71,777 · 0.12%
Same employer
Similar plansEducational Services · Indiana
St. Mary's College IN$143.7M · 0.03%
Wabash College IN$119.2M · 0.11%
Purdue Research Foundation IN$86.9M · 0.07%
Hanover College IN$70.4M · 0.05%
Franklin College of Indiana IN$65.1M · 0.13%
Park Tudor Foundation IN$63.4M · 0.08%
Project Lead the Way Inc. IN$40.9M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 350868071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.