Plan Ledger DOL Form 5500 · updated monthly

The Hutchison School403(b)

THE HUTCHISON SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · MEMPHIS, TN · plan year 2022

Reported admin expense ratio · 2022
0.16%

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

The Hutchison School reported $48,230 in plan administrative expenses for 2022: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,275 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other educational services employers. By assets it is the 453rd-largest of 1,496 plans among Tennessee employers on file, and the 1,360th of 3,091 in educational services. In 2022, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,219,275
Participants with balances437
Active participants298
Employer contributions$677,862
Employee contributions$909,427
Employer contribution per active participant$2,275
Average account balance$62,287
Benefits paid to participants$3,653,012
Plan auditDisclaimer of opinion
AuditorREYNOLDS BONE & GRIESBECK PLC
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $637K emplr
2022$27.2M · 437 accts · $678K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$48,230
Total administrative$48,230
The The Hutchison School 401(k) match · 2022
Employer contribution per active participant$2,275
Median for plans this size$2,266

The Hutchison School's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$48,230 · 0.16%
Same employer
Similar plansEducational Services · Tennessee
Memphis University School TN$35.1M · 0.05%
Maryville College TN$34.2M · 0.32%
St. Mary's Episcopal School TN$27.7M · 0.15%
Franklin Road Academy TN$27.3M · 0.07%
Battle Ground Academy TN$24.9M · 0.43%
Chancelight, Inc. TN$24.8M · 0.66%
Tusculum University TN$22.2M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 620540400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.