Plan Ledger DOL Form 5500 · updated monthly

The Galloway Schools, Inc.403(b)

THE GALLOWAY SCHOOL RETIREMENT PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

The Galloway Schools, Inc. reported $76,833 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $4,043 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 fell from 0.43% to 0.39%. 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 848th-largest of 2,160 plans among Georgia employers on file, and 1,571st of 3,091 in educational services. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,753,238
Participants with balances228
Active participants161
Employer contributions$650,982
Employee contributions$907,269
Employer contribution per active participant$4,043
Average account balance$91,023
Benefits paid to participants$1,656,045
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 228 accts · $651K emplr
2023$18.7M · 228 accts · $573K emplr
2022$16.0M · 210 accts · $546K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,543
Investment management$24,000
Audit (IQPA)$14,000
Total administrative$76,833
Employer contributions to the The Galloway Schools, Inc. plan · 2024
Employer contribution per active participant$4,043
Median for plans this size$2,416
2024$4,043 per active participant
2023$3,535 per active participant
2022$3,393 per active participant

The Galloway Schools, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20244
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$24,000
SMITH AND HOWARD PC · Accounting / audit$14,000
EMPOWER ANNUITY INSURANCE COMPANY O · Investment management$11,117
BUSH RETIREMENT PLAN SERVICES INC · Contract administrator$5,454

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$76,833 · 0.39%
2023$86,178 · 0.50%
2022$64,117 · 0.43%
Same employer
Similar plansEducational Services · Georgia
Lyrasis GA$22.8M · 0.02%
Brookstone School, Inc. GA$21.5M · 0.09%
Stratford Academy, Inc. GA$20.6M · 0.11%
George Walton Academy, Inc GA$18.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581052217 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.