Plan Ledger DOL Form 5500 · updated monthly

The West Nottingham Academy of Cecil County403(b)

WEST NOTTINGHAM ACADEMY 403(B)DEFINED CONTRIBUTION RETIREMENT PLAN · COLORA, MD · plan year 2023

Reported admin expense ratio · 2023
0.71%

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

The West Nottingham Academy of Cecil County reported $40,137 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. Employer contributions averaged $2,221 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 0.25% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Maryland (1,217th of 1,671), and 2,439th of 3,091 in educational services. In 2023, employees put in $1.02 for every $1.00 the employer contributed; active participation has grown from 17 to 39 since 2022.

Plan summary
Net assets, end of year$5,877,299
Participants with balances206
Active participants39
Employer contributions$86,606
Employee contributions$88,039
Employer contribution per active participant$2,221
Average account balance$28,531
Benefits paid to participants$515,267
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 216 accts · $81K emplr
2023$5.9M · 206 accts · $87K emplr
2022$5.5M · 143 accts · $95K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,363
Investment management$7,252
Audit (IQPA)$11,500
Trustee / custodial$3,420
Total administrative$40,137
Employer contributions to the The West Nottingham Academy of Cecil County plan · 2023
Employer contribution per active participant$2,221
Median for plans this size$1,308
2024$1,976 per active participant
2023$2,221 per active participant
2022$5,616 per active participant

The West Nottingham Academy of Cecil County's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$20,632 · 0.35%
2023$40,137 · 0.71%
2022$15,311 · 0.25%
Similar plansEducational Services · Maryland
Kra Corporation MD$4.6M · 1.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520591693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.