Plan Ledger DOL Form 5500 · updated monthly

Tuscaloosa Academy403(b)

TUSCALOOSA ACADEMY DEFINED CONTRIBUTION AND ANNUITY PLAN · TUSCALOOSA, AL · plan year 2022

Reported admin expense ratio · 2022
0.36%

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

Tuscaloosa Academy reported $24,231 in plan administrative expenses for 2022: 0.36% of average plan assets, below the peer median. Employer contributions averaged $1,056 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Alabama (598th of 902), and 2,451st of 3,091 in educational services. In 2022, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,713,856
Participants with balances164
Active participants65
Employer contributions$68,641
Employee contributions$127,208
Employer contribution per active participant$1,056
Average account balance$34,841
Benefits paid to participants$1,231,063
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $36K emplr
2022$5.7M · 164 accts · $69K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$24,231
Total administrative$24,231
Employer contributions to the Tuscaloosa Academy plan · 2022
Employer contribution per active participant$1,056
Median for plans this size$1,114

Tuscaloosa Academy's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$24,231 · 0.36%
Similar plansEducational Services · Alabama
Alabama Christian Academy AL$8.8M · 0.36%
Faith Academy of Mobile AL$7.7M · 0.03%
Madison Academy, Inc. AL$2.3M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630519291 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.