Plan Ledger DOL Form 5500 · updated monthly

Trustees of Grinnell College403(b)

GRINNELL COLLEGE EMPLOYEES RETIREMENT SAVINGS PLAN · GRINNELL, IA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Trustees of Grinnell College reported $253,005 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $7,820 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 0.08% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 28th-largest of 878 plans among Iowa employers on file, and the 149th of 3,091 in educational services. In 2024, the employer put in $1.56 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$374,409,137
Participants with balances2,030
Active participants869
Employer contributions$6,795,598
Employee contributions$4,359,912
Employer contribution per active participant$7,820
Average account balance$184,438
Benefits paid to participants$28,246,007
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$374.4M · 2,030 accts · $6.8M emplr
2023$352.6M · 2,001 accts · $6.4M emplr
2022$315.1M · 1,958 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$155,655
Investment management$59,767
Audit (IQPA)$17,325
Total administrative$253,005
Employer contributions to the Trustees of Grinnell College plan · 2024
Employer contribution per active participant$7,820
Median for plans this size$4,294
2024$7,820 per active participant
2023$7,598 per active participant
2022$7,646 per active participant

Trustees of Grinnell College's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. 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 · 20245
TIAA · Investment management$156,407
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (plan)$59,767
SPENCER FANE BRITT & BROWNE LLP$20,186
CLIFTONLARSONALLEN LLP · Investment advisory (plan)$17,325

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

Administrative cost history3
2024$253,005 · 0.07%
2023$230,607 · 0.07%
2022$276,021 · 0.08%
Same employer
Similar plansEducational Services · Iowa
Act, Inc. IA$425.7M · 0.08%
Drake University IA$297.1M · 0.06%
St. Ambrose University IA$122.5M · 0.19%
Coe College IA$77.0M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420680387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.