Plan Ledger DOL Form 5500 · updated monthly

The Sullivan University System, Inc.401(k)

THE SULLIVAN UNIVERSITY SYSTEM, INC. 401(K) PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.34%

The Sullivan University System, Inc. reported $71,253 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. 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 0.58% to 0.34%. 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 274th-largest of 871 plans among Kentucky employers on file, and 1,546th of 3,091 in educational services.

Plan summary
Net assets, end of year$21,580,971
Participants with balances513
Active participants347
Employer contributions—
Employee contributions$1,071,992
Employer contribution per active participant—
Average account balance$42,068
Benefits paid to participants$3,128,106
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 513 accts
2023$20.8M · 531 accts
2022$19.7M · 518 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,660
Investment management$37,593
Total administrative$71,253
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
JOHN HANCOCK RETIRMENT PLAN SVCS · Recordkeeping · Investment advisory (participants)$34,125
WILSHIRE ASSOCIATES, INC. · Investment advisory (plan)$37,128
SILVER OAK SECURITIES · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$71,253 · 0.34%
2023$54,072 · 0.27%
2022$133,593 · 0.58%
Same employer
Similar plansEducational Services · Kentucky
Alice Lloyd College KY$27.6M · 0.07%
The Lexington School KY$27.3M · 0.12%
Sacred Heart Schools, Inc. KY$24.3M · 0.45%
Union College Kentucky KY$18.5M · 0.17%
Midway University, Inc. KY$16.9M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610596564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.