What are the fees in the University of the Southwest 403(b) plan?

For plan year 2022, University of the Southwest reported $986 in plan administrative expenses, or 0.32% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

How much does University of the Southwest contribute to its 403(b)?

In 2022, employer contributions to the University of the Southwest plan averaged $2 per active participant, below the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the University of the Southwest 401(k)?

The average participant account balance was $6,697 for plan year 2022, based on 47 accounts.

University of the Southwest403(b)

Name: University of the Southwest 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

UNIVERSITY OF THE SOUTHWEST 403(B) RETIREMENT PLAN · HOBBS, NM · plan year 2022

Reported admin expense ratio · 2022

0.32%

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

University of the Southwest reported $986 in plan administrative expenses for 2022: 0.32% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Mexico (284th of 290), and 3,223rd of 3,341 in other services. In 2022, employees put in $218.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$314,772
Participants with balances47
Active participants90
Employer contributions$160
Employee contributions$34,918
Employer contribution per active participant$2
Average account balance$6,697
Benefits paid to participants$11,299
Plan auditUnmodified (clean) audit opinion
AuditorCAPIN CROUSE LLP

Employer contributions to the University of the Southwest plan · 2022

Employer contribution per active participant$2

Median for plans this size$331

University of the Southwest's 2022 employer contribution ran below the $331 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

Your balance

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 history1

2022$986 · 0.32%

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Ojo Caliente Holdings, Inc. NM$3.4M · 1.58%
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Guthrie's Garage, Inc. NM$944K · 0.52%
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Source: U.S. Department of Labor, Form 5500 series, EIN 850164940 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.