Plan Ledger DOL Form 5500 · updated monthly

The Malvern School of Glen Mills401(k)

THE MALVERN SCHOOL OF GLEN MILLS 401(K) PROFIT SHARING PLAN AND T · GLEN MILLS, PA · plan year 2023

Reported admin expense ratio · 2023
0.68%

The Malvern School of Glen Mills reported $23,392 in plan administrative expenses for 2023: 0.68% of average plan assets, above the peer median. 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 1 year on file its reported administrative ratio rose from 0.56% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Pennsylvania (3,093rd of 3,651), and 2,661st of 3,091 in educational services. In 2023, employees put in $7.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,574,222
Participants with balances166
Active participants0
Employer contributions$61,201
Employee contributions$432,057
Employer contribution per active participant—
Average account balance$21,531
Benefits paid to participants$829,338
Plan auditUnmodified (clean) audit opinion
AuditorMAILLIE
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$3.6M · 166 accts · $61K emplr
2022$3.3M · 196 accts · $52K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,208
Investment management$18,184
Total administrative$23,392
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
KESTRA ADVISORY SERVICES · Recordkeeping · Pension consulting$36,368
ADP, INC. · Loan processing · Recordkeeping$5,207

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP, KESTRA ADVISORY SERVICES

This plan has changed recordkeepers within these filings. If you left The Malvern School of Glen Mills before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$23,392 · 0.68%
2022$19,189 · 0.56%
Same employer
Similar plansEducational Services · Pennsylvania
Central Penn, Inc. PA$4.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232986630 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.