Plan Ledger DOL Form 5500 · updated monthly

The Marshall School403(b)

THE MARSHALL SCHOOL DC PLAN · DULUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

The Marshall School reported $8,688 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,780 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 rose from 0.07% to 0.08%. 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 among the smaller plans on file in Minnesota (1,210th of 1,918), and 1,990th of 3,091 in educational services. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 80 to 95 since 2022.

Plan summary
Net assets, end of year$11,620,520
Participants with balances159
Active participants95
Employer contributions$169,141
Employee contributions$330,192
Employer contribution per active participant$1,780
Average account balance$73,085
Benefits paid to participants$949,978
Plan auditDisclaimer of opinion
AuditorESTERBROOKS CERTIFIED PUBLIC ET. AL
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 159 accts · $169K emplr
2023$10.7M · 150 accts · $141K emplr
2022$9.2M · 141 accts · $149K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,688
Total administrative$8,688
Employer contributions to the The Marshall School plan · 2024
Employer contribution per active participant$1,780
Median for plans this size$2,416
2024$1,780 per active participant
2023$1,515 per active participant
2022$1,860 per active participant

The Marshall School's 2024 employer contribution ran below the $2,416 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 · 20241
TIAA-CREF$8,763

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$8,688 · 0.08%
2023$6,902 · 0.07%
2022$6,651 · 0.07%
Similar plansEducational Services · Minnesota
Mounds Park Academy MN$18.8M · 0.10%
Groves Academy MN$11.8M · 0.53%
College Possible MN$11.8M · 0.07%
Macphail Center for Music MN$10.7M · 0.01%
Myhre Investments, LLC MN$10.2M · 0.29%
Reading & Math, Inc. MN$9.2M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410765672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.