Plan Ledger DOL Form 5500 · updated monthly

Thomas Jefferson Classical Academy401(k)

THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN · MOORESBORO, NC · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Thomas Jefferson Classical Academy reported $74,344 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,266 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 has held roughly steady near 0.704%. 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 among the smaller plans on file in North Carolina (1,042nd of 2,005), and 2,023rd of 3,091 in educational services. In 2024, employees put in $1.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,144,831
Participants with balances208
Active participants155
Employer contributions$351,180
Employee contributions$455,756
Employer contribution per active participant$2,266
Average account balance$53,581
Benefits paid to participants$1,268,991
Plan auditUnmodified (clean) audit opinion
AuditorDARRELL L. KELLER, CPA, PA
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 208 accts · $351K emplr
2023$10.0M · 204 accts · $339K emplr
2022$8.5M · 200 accts · $342K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,422
Investment management$30,922
Total administrative$74,344
The Thomas Jefferson Classical Academy 401(k) match · 2024
Employer contribution per active participant$2,266
Median for plans this size$2,416
2024$2,266 per active participant
2023$2,067 per active participant
2022$2,088 per active participant

Thomas Jefferson Classical Academy'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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,298
EDWARD D. JONES & CO., L.P. · Investment advisory (participants)$28,860
WILSHIRE ADVISORS LLC · Investment advisory (participants)$2,061

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

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

Administrative cost history3
2024$74,344 · 0.70%
2023$64,905 · 0.70%
2022Not separately reported
Similar plansEducational Services · North Carolina
Shaw University NC$14.0M · 0.00%
The Franklin Academy, Inc. NC$13.5M · 0.01%
The Roger Bacon Academy NC$11.2M · 0.64%
Duke School NC$11.1M · 0.33%
Livingstone College NC$10.4M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 562123336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.