Plan Ledger DOL Form 5500 · updated monthly

The Pathway School403(b)

THE PATHWAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · NORRISTOWN, PA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

The Pathway School reported $548 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,473 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 1 year on file its reported administrative ratio rose from 0.003% to 0.005%. 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 Pennsylvania (2,068th of 3,651), and 1,949th of 3,091 in educational services. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 118 to 136 since 2022.

Plan summary
Net assets, end of year$12,401,109
Participants with balances151
Active participants136
Employer contributions$200,383
Employee contributions$341,924
Employer contribution per active participant$1,473
Average account balance$82,127
Benefits paid to participants$792,421
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 151 accts · $200K emplr
2023$11.4M · 193 accts · $183K emplr
2022$10.0M · 159 accts · $174K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$548
Total administrative$548
Employer contributions to the The Pathway School plan · 2024
Employer contribution per active participant$1,473
Median for plans this size$2,416
2024$1,473 per active participant
2023$1,374 per active participant
2022$1,476 per active participant

The Pathway 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
AMERICAN UNITED LIFE INSURANCE · Loan processing · Participant communication$698

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$548 · 0.00%
2023$367 · 0.00%
2022Not separately reported
Similar plansEducational Services · Pennsylvania
Folium, Inc. PA$12.9M · 0.79%
Wesley Spectrum Services PA$12.7M · 0.00%
The Barnes Foundation PA$12.4M · 0.32%
Lenape Valley Foundation PA$11.5M · 0.60%
Nursing Abc, Inc. PA$10.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232586474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.