Plan Ledger DOL Form 5500 · updated monthly

The Rivers School Corporation403(b)

THE RIVERS SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · WESTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

The Rivers School Corporation reported $49,857 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $6,639 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 0.07% to 0.08%. 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 590th-largest of 2,726 plans among Massachusetts employers on file, and the 778th of 3,091 in educational services. In 2024, employees put in $1.10 for every $1.00 the employer contributed; active participation has grown from 184 to 205 since 2022.

Plan summary
Net assets, end of year$62,896,525
Participants with balances411
Active participants205
Employer contributions$1,360,947
Employee contributions$1,501,744
Employer contribution per active participant$6,639
Average account balance$153,033
Benefits paid to participants$5,632,401
Plan auditUnmodified (clean) audit opinion
AuditorMILLER WACHMAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$62.9M · 411 accts · $1.4M emplr
2023$58.6M · 414 accts · $1.2M emplr
2022$52.3M · 397 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,857
Total administrative$49,857
Employer contributions to the The Rivers School Corporation plan · 2024
Employer contribution per active participant$6,639
Median for plans this size$3,635
2024$6,639 per active participant
2023$6,123 per active participant
2022$6,409 per active participant

The Rivers School Corporation'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 · 20242
TIAA$35,597
PLANPILOT, LLC · Investment advisory (plan)$11,025

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$49,857 · 0.08%
2023$29,070 · 0.05%
2022$38,803 · 0.07%
Same employer
Similar plansEducational Services · Massachusetts
Brooks School MA$66.7M · 0.20%
Berkshire School, Inc. MA$65.9M · 0.06%
Dana Hall School MA$63.1M · 0.03%
The Fessenden School MA$56.6M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104457 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.