Plan Ledger DOL Form 5500 · updated monthly

The Master's University and Seminary403(b)

THE MASTER'S UNIVERSITY AND SEMINARY DC RETIREMENT PLAN · SANTA CLARITA, CA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

The Master's University and Seminary reported $76,544 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,894 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 0.11% to 0.17%. 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 1,793rd-largest of 9,483 plans among California employers on file, and the 928th of 3,091 in educational services. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,969,329
Participants with balances457
Active participants338
Employer contributions$978,331
Employee contributions$1,458,932
Employer contribution per active participant$2,894
Average account balance$107,154
Benefits paid to participants$2,044,763
Plan auditUnmodified (clean) audit opinion
AuditorCAPIN CROUSE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$49.0M · 457 accts · $978K emplr
2023$42.9M · 490 accts · $777K emplr
2022$36.8M · 474 accts · $702K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,344
Investment management$15,000
Audit (IQPA)$16,200
Total administrative$76,544
Employer contributions to the The Master's University and Seminary plan · 2024
Employer contribution per active participant$2,894
Median for plans this size$2,416
2024$2,894 per active participant
2023$2,221 per active participant
2022$2,207 per active participant

The Master's University and Seminary's 2024 employer contribution ran above 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 · 20243
TIAA · Recordkeeping · Pension consulting$45,344
CAPIN CROUSE LLP · Accounting / audit$16,200
BENEFIT FINANCIAL SERVICES GROUP · Investment advisory (plan)$15,000

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

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$76,544 · 0.17%
2023$65,160 · 0.16%
2022$44,748 · 0.11%
Same employer
Similar plansEducational Services · California
Marin Academy CA$50.2M · 0.18%
Windward School Inc CA$48.9M · 0.10%
Town School for Boys CA$48.8M · 0.14%
Lick-Wilmerding High School CA$48.8M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 956001907 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.