Plan Ledger DOL Form 5500 · updated monthly

Trustees of Westminster School, Inc.403(b)

WESTMINSTER SCHOOL DEFINED CONTRIBUTION PLAN · SIMSBURY, CT · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Trustees of Westminster School, Inc. reported $7,878 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,978 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 0.005% to 0.012%. 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 253rd-largest of 1,106 plans among Connecticut employers on file, and the 724th of 3,091 in educational services. In 2024, the employer put in $1.48 for every $1.00 employees contributed themselves; active participation has grown from 162 to 194 since 2022.

Plan summary
Net assets, end of year$68,753,510
Participants with balances383
Active participants194
Employer contributions$1,159,694
Employee contributions$785,915
Employer contribution per active participant$5,978
Average account balance$179,513
Benefits paid to participants$5,402,611
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$68.8M · 383 accts · $1.2M emplr
2023$64.0M · 367 accts · $1.1M emplr
2022$57.0M · 352 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,878
Total administrative$7,878
Employer contributions to the Trustees of Westminster School, Inc. plan · 2024
Employer contribution per active participant$5,978
Median for plans this size$3,635
2024$5,978 per active participant
2023$6,502 per active participant
2022$6,765 per active participant

Trustees of Westminster School, Inc.'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 · 20241
TEACHERS INSURANCE & ANNUITY ASSOC.$8,028

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$7,878 · 0.01%
2023$8,281 · 0.01%
2022$3,059 · 0.01%
Same employer
Similar plansEducational Services · Connecticut
Achievement First, Inc. CT$98.8M · 0.58%
Hopkins School CT$90.7M · 0.02%
Kent School Corporation CT$74.7M · 0.24%
Miss Porters School, Inc. CT$64.1M · 0.14%
Greens Farms Academy, Inc. CT$63.7M · 0.10%
King School, Inc. CT$58.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060646960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.