Plan Ledger DOL Form 5500 · updated monthly

The Jemicy School403(b)

THE JEMICY SCHOOL RETIREMENT PLAN · OWINGS MILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

The Jemicy School reported $56,447 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $4,141 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 0.25% to 0.23%. 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 542nd-largest of 1,671 plans among Maryland employers on file, and the 1,407th of 3,091 in educational services. In 2024, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,704,808
Participants with balances268
Active participants160
Employer contributions$662,541
Employee contributions$975,767
Employer contribution per active participant$4,141
Average account balance$95,913
Benefits paid to participants$1,953,215
Plan auditDisclaimer of opinion
AuditorGROSS MENDELSOHN & ASSOCIATES, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$25.7M · 268 accts · $663K emplr
2023$23.5M · 265 accts · $635K emplr
2022$19.9M · 274 accts · $565K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,447
Total administrative$56,447
Employer contributions to the The Jemicy School plan · 2024
Employer contribution per active participant$4,141
Median for plans this size$2,416
2024$4,141 per active participant
2023$3,758 per active participant
2022$3,323 per active participant

The Jemicy 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 · 20243
TIAA$36,197
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$20,000
LINCOLN NATIONAL CORPORATION · Contract administrator$250

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$56,447 · 0.23%
2023$49,389 · 0.23%
2022$47,379 · 0.25%
Same employer
Similar plansEducational Services · Maryland
The Foundation Schools MD$28.2M · 0.04%
Washington Episcopal School MD$27.8M · 0.19%
German School MD$26.2M · 0.00%
The Ivymount School, Inc. MD$24.8M · 0.33%
No Tears Learning, Inc. MD$24.3M · 0.34%
Washington Episcopal School MD$22.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520976194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.