Plan Ledger DOL Form 5500 · updated monthly

The Governing Board of the Pennsylvania Association Of403(b)

PENNSYLVANIA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES MULTIPLE EMPLOYER PLAN · HARRISBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

The Governing Board of the Pennsylvania Association Of reported $1,011,362 in plan administrative expenses for 2024: 0.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,025 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 0.31% to 0.21%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 140th-largest of 3,651 plans among Pennsylvania employers on file, and the 98th of 3,091 in educational services. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves; active participation has grown from 1,360 to 2,445 since 2022.

Plan summary
Net assets, end of year$543,338,897
Participants with balances4,567
Active participants2,445
Employer contributions$7,395,122
Employee contributions$7,080,540
Employer contribution per active participant$3,025
Average account balance$118,971
Benefits paid to participants$38,092,025
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$543.3M · 4,567 accts · $7.4M emplr
2023$413.3M · 3,879 accts · $6.0M emplr
2022$252.5M · 2,720 accts · $5.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,004,082
Audit (IQPA)$7,280
Total administrative$1,011,362
Employer contributions to the The Governing Board of the Pennsylvania Association Of plan · 2024
Employer contribution per active participant$3,025
Median for plans this size$4,294
2024$3,025 per active participant
2023$2,937 per active participant
2022$3,955 per active participant

The Governing Board of the Pennsylvania Association Of's 2024 employer contribution ran below the $4,294 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 · 20249
MILLENIUM ADVISORY SERVICES, INC · Investment advisory (participants)$366,287
TIAA · Contract administrator$275,792
PLANPILOT · Investment advisory (plan)$131,760
PENTEGRA SERVICES, INC. · Plan administrator$118,697
PRM CONSULTING INC · Consulting$42,000
CLIFTONLARSONALLEN LLP · Plan administrator$29,867
AICUP · Plan administrator$23,900
LAW OFFICES OF ALLEN T STEINBERG PC · Legal$11,300
RIGGS,CNSLMN,MICHAELS & DOWNES INC · Investment advisory (plan)$9,064

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$1,011,362 · 0.21%
2023$663,507 · 0.20%
2022$639,553 · 0.31%
Similar plansEducational Services · Pennsylvania
Villanova University PA$1.2B · 0.03%
Lehigh University PA$1.0B · 0.12%
Bucknell University PA$672.9M · 0.06%
Saint Joseph's University PA$553.5M · 0.06%
Lafayette College PA$479.4M · 0.05%
Swarthmore College PA$462.5M · 0.02%
Widener University PA$424.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843430131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.