Plan Ledger DOL Form 5500 · updated monthly

Unity College403(b)

UNITY ENVIRONMENTAL UNIVERSITY DC RETIREMENT PLAN · NEW GLOUCESTER, ME · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Unity College reported $18,336 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,837 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 0.04% 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 the 143rd-largest of 354 plans among Maine employers on file, and 1,583rd of 3,091 in educational services. In 2024, employees put in $1.05 for every $1.00 the employer contributed; active participation has grown from 215 to 375 since 2022.

Plan summary
Net assets, end of year$20,407,931
Participants with balances586
Active participants375
Employer contributions$688,904
Employee contributions$722,513
Employer contribution per active participant$1,837
Average account balance$34,826
Benefits paid to participants$3,921,826
Plan auditUnmodified (clean) audit opinion
AuditorRUNYON KERSTEEN OUELLETTE, PA
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 586 accts · $689K emplr
2023$20.0M · 451 accts · $545K emplr
2022$17.8M · 424 accts · $456K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,336
Total administrative$18,336
Employer contributions to the Unity College plan · 2024
Employer contribution per active participant$1,837
Median for plans this size$2,416
2024$1,837 per active participant
2023$2,252 per active participant
2022$2,122 per active participant

Unity College's 2024 employer contribution ran below the $2,416 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

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$18,336 · 0.09%
2023$8,169 · 0.04%
2022$6,414 · 0.04%
Same employer
Similar plansEducational Services · Maine
Berwick Academy ME$36.4M · 0.12%
College of the Atlantic ME$36.3M · 0.12%
Thomas College ME$23.1M · 0.16%
Gould Academy ME$17.9M · 0.15%
Kents Hill School ME$17.4M · 0.15%
Hyde Schools ME$15.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010275130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.