Plan Ledger DOL Form 5500 · updated monthly

The Midland School403(b)

THE MIDLAND SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · NORTH BRANCH, NJ · plan year 2024

Employer contribution per participant · 2024
$1,831

The Midland School's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $9,047,841 across 226 participant accounts, with employer contributions averaging $1,831 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New Jersey (1,581st of 2,419), and 2,183rd of 3,091 in educational services. active participation has grown from 127 to 177 since 2022.

Plan summary
Net assets, end of year$9,047,841
Participants with balances226
Active participants177
Employer contributions$324,086
Employee contributions—
Employer contribution per active participant$1,831
Average account balance$40,035
Benefits paid to participants$843,461
Plan auditUnmodified (clean) audit opinion
AuditorCULLARI CARRICO, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 226 accts · $324K emplr
2023$8.7M · 220 accts · $338K emplr
2022$7.6M · 224 accts · $324K emplr
Employer contributions to the The Midland School plan · 2024
Employer contribution per active participant$1,831
Median for plans this size$1,313
2024$1,831 per active participant
2023$2,316 per active participant
2022$2,551 per active participant

The Midland School's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansEducational Services · New Jersey
Allegro School Inc. NJ$9.9M · 0.33%
Hollydell, Inc. NJ$9.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221666121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.