Plan Ledger DOL Form 5500 · updated monthly

The Masters School403(b)

THE MASTERS SCHOOL 403(B) DC PLAN · DOBBS FERRY, NY · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

The Masters School reported $85,300 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $5,065 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 0.08% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 1,154th-largest of 5,648 plans among New York employers on file, and the 776th of 3,091 in educational services. In 2024, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,224,489
Participants with balances568
Active participants254
Employer contributions$1,286,515
Employee contributions$1,609,405
Employer contribution per active participant$5,065
Average account balance$111,311
Benefits paid to participants$2,069,971
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$63.2M · 568 accts · $1.3M emplr
2023$55.3M · 557 accts · $1.2M emplr
2022$47.7M · 544 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,300
Total administrative$85,300
Employer contributions to the The Masters School plan · 2024
Employer contribution per active participant$5,065
Median for plans this size$3,635
2024$5,065 per active participant
2023$5,032 per active participant
2022$4,407 per active participant

The Masters School's 2024 employer contribution ran above the $3,635 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$46,447
CBIZ, INC. · Accounting / audit$21,500
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)$13,500

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$85,300 · 0.14%
2023$67,708 · 0.13%
2022$42,963 · 0.08%
Same employer
Similar plansEducational Services · New York
St. Bernards School NY$68.1M · 0.00%
Friends Academy NY$65.0M · 0.08%
Excelsior University NY$64.2M · 0.08%
Elmira College NY$62.4M · 0.03%
Little Red School House NY$61.8M · 0.12%
Anderson Center for Autism NY$58.9M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131740472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.