Plan Ledger DOL Form 5500 · updated monthly

The Rectory School403(b)

THE RECTORY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · POMFRET, CT · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

The Rectory School reported $59,336 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,232 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 fell from 0.29% to 0.26%. 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 500th-largest of 1,106 plans among Connecticut employers on file, and the 1,452nd of 3,091 in educational services. In 2024, employees put in $2.26 for every $1.00 the employer contributed; active participation has grown from 136 to 154 since 2022.

Plan summary
Net assets, end of year$23,980,168
Participants with balances274
Active participants154
Employer contributions$343,723
Employee contributions$778,068
Employer contribution per active participant$2,232
Average account balance$87,519
Benefits paid to participants$1,104,445
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 274 accts · $344K emplr
2023$21.5M · 273 accts · $330K emplr
2022$19.6M · 273 accts · $313K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,336
Total administrative$59,336
Employer contributions to the The Rectory School plan · 2024
Employer contribution per active participant$2,232
Median for plans this size$2,416
2024$2,232 per active participant
2023$2,430 per active participant
2022$2,305 per active participant

The Rectory 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,400
PROCYON PARTNERS LLC · Investment advisory (plan)indirect comp
THE ANGELL PENSION GROUP, INC. · Contract administrator · Other servicesindirect comp

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$59,336 · 0.26%
2023$55,156 · 0.27%
2022$55,090 · 0.29%
Similar plansEducational Services · Connecticut
Renbrook School, Inc. CT$29.1M · 0.06%
The Forman School, Inc. CT$28.9M · 0.06%
Post University, Inc. CT$28.5M · 0.04%
Ethel Walker School CT$27.5M · 0.10%
Watkinson School CT$22.5M · 0.09%
Rumsey Hall School CT$19.9M · 0.08%
Indian Mountain School CT$15.1M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060646805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.