Plan Ledger DOL Form 5500 · updated monthly

The Elisabeth Morrow School403(b)

THE ELISABETH MORROW SCHOOL 403(B) RETIREMENT PLAN · ENGLEWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

The Elisabeth Morrow School reported $74,081 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $5,399 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 0.17% to 0.37%. 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 the 1,050th-largest of 2,419 plans among New Jersey employers on file, and 1,563rd of 3,091 in educational services. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,026,780
Participants with balances163
Active participants103
Employer contributions$556,115
Employee contributions$923,918
Employer contribution per active participant$5,399
Average account balance$128,999
Benefits paid to participants$1,931,579
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.0M · 163 accts · $556K emplr
2023$19.3M · 168 accts · $521K emplr
2022$17.4M · 165 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,081
Total administrative$74,081
Employer contributions to the The Elisabeth Morrow School plan · 2024
Employer contribution per active participant$5,399
Median for plans this size$2,416
2024$5,399 per active participant
2023$5,163 per active participant
2022$5,008 per active participant

The Elisabeth Morrow School's 2024 employer contribution ran above the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$74,080
CAPFINANCIAL PARTNERS 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$74,081 · 0.37%
2023$56,927 · 0.31%
2022$34,438 · 0.17%
Similar plansEducational Services · New Jersey
Hawkswood, Inc. NJ$21.8M · 0.20%
Yeshiva of North Jersey NJ$21.3M · 0.20%
P.G. Chambers School, Inc. NJ$20.5M · 0.24%
SPECTRUM360 NJ$18.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221487171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.