Plan Ledger DOL Form 5500 · updated monthly

Walnut Hill School for the Arts403(b)

WALNUT HILL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · NATICK, MA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Walnut Hill School for the Arts reported $17,738 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,835 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 0.08% 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 1,342nd-largest of 2,726 plans among Massachusetts employers on file, and 1,618th of 3,091 in educational services. In 2024, employees put in $1.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,218,834
Participants with balances225
Active participants92
Employer contributions$444,780
Employee contributions$550,363
Employer contribution per active participant$4,835
Average account balance$85,417
Benefits paid to participants$2,837,600
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 225 accts · $445K emplr
2023$18.4M · 236 accts · $407K emplr
2022$15.4M · 218 accts · $372K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,885
Investment management$853
Total administrative$17,738
Employer contributions to the Walnut Hill School for the Arts plan · 2024
Employer contribution per active participant$4,835
Median for plans this size$2,416
2024$4,835 per active participant
2023$4,198 per active participant
2022$3,687 per active participant

Walnut Hill School for the Arts's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
TIAA$13,163

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$17,738 · 0.09%
2023$12,554 · 0.07%
2022$14,611 · 0.08%
Similar plansEducational Services · Massachusetts
Miss Halls School, Inc. MA$20.1M · 0.19%
Cotting School, Inc. MA$19.6M · 0.00%
Bynder, LLC MA$18.0M · 0.34%
Amego, Inc. MA$17.5M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103636 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.