Plan Ledger DOL Form 5500 · updated monthly

The Madeira School403(b)

THE MADEIRA SCHOOL 403(B) PLAN · MC LEAN, VA · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

The Madeira School reported $70,128 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $7,389 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 has held roughly steady near 0.293%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is the 829th-largest of 2,266 plans among Virginia employers on file, and the 1,400th of 3,091 in educational services. In 2023, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$26,012,695
Participants with balances205
Active participants122
Employer contributions$901,516
Employee contributions$892,729
Employer contribution per active participant$7,389
Average account balance$126,891
Benefits paid to participants$739,360
Plan auditDisclaimer of opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $263K emplr
2023$26.0M · 205 accts · $902K emplr
2022$21.8M · 194 accts · $878K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$70,128
Total administrative$70,128
Employer contributions to the The Madeira School plan · 2023
Employer contribution per active participant$7,389
Median for plans this size$2,440
2023$7,389 per active participant
2022$7,768 per active participant

The Madeira School's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$70,128
KESTRA ADVISORY SERVICES, 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
2024Not separately reported
2023$70,128 · 0.29%
2022$60,470 · 0.29%
Same employer
Similar plansEducational Services · Virginia
The Common Application Inc. VA$31.1M · 0.00%
Virginia Union University VA$24.7M · 0.02%
Foxcroft School VA$23.0M · 0.18%
Pansophic Learning US LLC VA$22.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540505925 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.