Plan Ledger DOL Form 5500 · updated monthly

Tusculum University403(b)

TUSCULUM UNIVERSITY 403(B) DC PLAN · GREENVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Tusculum University reported $39,308 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $487 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 0.14% to 0.18%. 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 the 513th-largest of 1,496 plans among Tennessee employers on file, and the 1,522nd of 3,091 in educational services. In 2024, employees put in $4.41 for every $1.00 the employer contributed; active participation has shrunk from 238 to 195 since 2022.

Plan summary
Net assets, end of year$22,181,228
Participants with balances149
Active participants195
Employer contributions$94,940
Employee contributions$418,927
Employer contribution per active participant$487
Average account balance$148,867
Benefits paid to participants$1,611,493
AuditorBLACKBURN, CHILDER & STEAGALL, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 149 accts · $95K emplr
2023$20.8M · 152 accts · $58K emplr
2022$19.4M · 128 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,288
Investment management$9,020
Total administrative$39,308
Employer contributions to the Tusculum University plan · 2024
Employer contribution per active participant$487
Median for plans this size$2,416
2024$487 per active participant
2023$281 per active participant

Tusculum University's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,288
EDWARD JONES · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$39,308 · 0.18%
2023$28,786 · 0.14%
2022$28,360 · 0.14%
Same employer
Similar plansEducational Services · Tennessee
The Hutchison School TN$27.2M · 0.16%
Battle Ground Academy TN$24.9M · 0.43%
Chancelight, Inc. TN$24.8M · 0.66%
Fisk University TN$18.0M · 0.08%
Harding Academy TN$16.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620484185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.