Plan Ledger DOL Form 5500 · updated monthly

Westminster Schools403(b)

WESTMINSTER SCHOOLS DEFINED CONTRIBUTION RETIREMENT PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Westminster Schools reported $177,814 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $6,328 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 0.14% to 0.10%. 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 192nd-largest of 2,160 plans among Georgia employers on file, and the 306th of 3,091 in educational services. In 2024, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$181,342,363
Participants with balances1,067
Active participants455
Employer contributions$2,879,335
Employee contributions$4,401,469
Employer contribution per active participant$6,328
Average account balance$169,955
Benefits paid to participants$12,788,625
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$181.3M · 1,067 accts · $2.9M emplr
2023$167.5M · 1,068 accts · $2.8M emplr
2022$146.6M · 1,080 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,951
Investment management$55,863
Total administrative$177,814
Employer contributions to the Westminster Schools plan · 2024
Employer contribution per active participant$6,328
Median for plans this size$3,635
2024$6,328 per active participant
2023$6,116 per active participant
2022$5,472 per active participant

Westminster Schools'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 · Recordkeeping · Pension consulting$121,951
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan) · Named fiduciary$55,863

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

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$177,814 · 0.10%
2023$183,906 · 0.12%
2022$193,809 · 0.14%
Same employer
Similar plansEducational Services · Georgia
Mercer University GA$558.7M · 0.02%
Morehouse School of Medicine GA$260.1M · 0.04%
Berry College, Inc. GA$162.6M · 0.03%
Woodward Academy, Inc. GA$133.9M · 0.14%
The Lovett School, Inc. GA$125.7M · 0.07%
Clark Atlanta University GA$120.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580566206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.