Plan Ledger DOL Form 5500 · updated monthly

Tower Hill School403(b)

TOWER HILL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · WILMINGTON, DE · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Tower Hill School reported $54,894 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $5,385 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 0.10% to 0.09%. 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 48th-largest of 242 plans among Delaware employers on file, and the 761st of 3,091 in educational services. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$64,655,166
Participants with balances456
Active participants167
Employer contributions$899,347
Employee contributions$1,149,894
Employer contribution per active participant$5,385
Average account balance$141,788
Benefits paid to participants$5,233,716
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$64.7M · 456 accts · $899K emplr
2023$61.0M · 465 accts · $824K emplr
2022$57.1M · 251 accts · $793K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,894
Total administrative$54,894
Employer contributions to the Tower Hill School plan · 2024
Employer contribution per active participant$5,385
Median for plans this size$3,635
2024$5,385 per active participant
2023$4,656 per active participant
2022$4,667 per active participant

Tower Hill School'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 · 20244
TIAA · Recordkeepingindirect comp
BIDDLE CAPITAL MANAGEMENT · Insurance broker · Insurance servicesindirect comp
EISNERAMPER LLCindirect 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
2024TIAA
2023TIAA

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

Administrative cost history3
2024$54,894 · 0.09%
2023$43,178 · 0.07%
2022$57,760 · 0.10%
Same employer
Similar plansEducational Services · Delaware
Wilmington University, Inc. DE$118.3M · 0.12%
Thomas M Cooley Law School MI$65.0M · 0.07%
Friends Academy NY$65.0M · 0.08%
The Seven Hills School OH$64.9M · 0.08%
The McCallie School TN$64.7M · 0.04%
Marlborough School CA$64.3M · 0.07%
Excelsior University NY$64.2M · 0.08%
Miss Porters School, Inc. CT$64.1M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510065745 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.