Plan Ledger DOL Form 5500 · updated monthly

The Putney School403(b)

THE PUTNEY SCHOOL 403-B PLAN · PUTNEY, VT · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

The Putney School reported $25,028 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,529 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 3 years on file its reported administrative ratio has held roughly steady near 0.122%. 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 90th-largest of 230 plans among Vermont employers on file, and 1,559th of 3,091 in educational services. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has shrunk from 82 to 71 since 2022.

Plan summary
Net assets, end of year$21,179,744
Participants with balances223
Active participants71
Employer contributions$392,587
Employee contributions$487,070
Employer contribution per active participant$5,529
Average account balance$94,976
Benefits paid to participants$2,110,233
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 223 accts · $393K emplr
2023$19.7M · 216 accts · $511K emplr
2022$17.7M · 94 accts · $373K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,028
Total administrative$25,028
Employer contributions to the The Putney School plan · 2024
Employer contribution per active participant$5,529
Median for plans this size$2,416
2024$5,529 per active participant
2023$5,804 per active participant
2022$4,549 per active participant

The Putney School's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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

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$25,028 · 0.12%
2023$23,259 · 0.12%
2022$20,632 · 0.12%
Similar plansEducational Services · Vermont
Vermont Law School VT$45.8M · 0.03%
Landmark College, Inc. VT$44.6M · 0.11%
Vermont Academy VT$18.8M · 0.01%
Goddard College VT$13.5M · 0.00%
Lyndon Institute VT$6.4M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030179305 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.