Plan Ledger DOL Form 5500 · updated monthly

Turtle Mountain Community College401(k)

TURTLE MOUNTAIN COMMUNITY COLLEGE 401K RETIREMENT PLAN · BELCOURT, ND · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Turtle Mountain Community College reported $9,334 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,887 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 0.11% to 0.09%. 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 Dakota (177th of 279), and 2,046th of 3,091 in educational services. In 2024, the employer put in $1.66 for every $1.00 employees contributed themselves; active participation has shrunk from 203 to 125 since 2022.

Plan summary
Net assets, end of year$10,776,957
Participants with balances167
Active participants125
Employer contributions$735,920
Employee contributions$442,407
Employer contribution per active participant$5,887
Average account balance$64,533
Benefits paid to participants$772,173
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 167 accts · $736K emplr
2023$9.5M · 161 accts · $671K emplr
2022$9.3M · 175 accts · $643K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,334
Total administrative$9,334
The Turtle Mountain Community College 401(k) match · 2024
Employer contribution per active participant$5,887
Median for plans this size$2,416
2024$5,887 per active participant
2023$3,746 per active participant
2022$3,166 per active participant

Turtle Mountain Community College's 2024 employer contribution ran above the $2,416 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 · 20242
JOHN HANCOCK · Recordkeeping · Investment management$1,980
WILSHIRE ASSOCIATES USA · Investment advisory (participants)$1,928

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$9,334 · 0.09%
2023$12,558 · 0.13%
2022$11,887 · 0.11%
Similar plansEducational Services · North Dakota
University of Mary ND$71.7M · 0.27%
Outward Bound Inc NY$10.9M · 0.00%
Ojai Valley School, Inc. CA$10.9M · 0.08%
West Side Montessori School NY$10.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450323401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.