Plan Ledger DOL Form 5500 · updated monthly

University of Providence403(b)

UNIVERSITY OF PROVIDENCE 403(B) DC PLAN · GREAT FALLS, MT · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

University of Providence reported $152 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,231 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 0.001% to 0.001%. 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 91st-largest of 229 plans among Montana employers on file, and 1,758th of 3,091 in educational services. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 222 to 277 since 2019.

Plan summary
Net assets, end of year$16,170,805
Participants with balances428
Active participants277
Employer contributions$341,111
Employee contributions$480,470
Employer contribution per active participant$1,231
Average account balance$37,782
Benefits paid to participants$1,303,797
Plan auditUnmodified (clean) audit opinion
AuditorDOUGLAS WILSON AND COMPANY P.C.
Plan history4
Yearassets · accounts · employer contribution
2024$16.2M · 428 accts · $341K emplr
2023$14.9M · 431 accts · $292K emplr
2022$13.8M · 424 accts · $277K emplr
2019$13.1M · 414 accts · $295K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152
Total administrative$152
Employer contributions to the University of Providence plan · 2024
Employer contribution per active participant$1,231
Median for plans this size$2,416
2024$1,231 per active participant
2023$1,112 per active participant
2022$1,101 per active participant
2019$1,331 per active participant

University of Providence'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.

Administrative cost history4
2024$152 · 0.00%
2023$100 · 0.00%
2022$75 · 0.00%
2019Not separately reported
Similar plansEducational Services · Montana
Carroll College MT$55.3M · 0.00%
Rocky Mountain College MT$32.6M · 0.00%
Carolina Day School, Inc. NC$16.2M · 0.43%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 810231777 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.