Plan Ledger DOL Form 5500 · updated monthly

Washington and Lee University403(b)

WASHINGTON AND LEE UNIVERSITY DEFINED CONTRIBUTION PLAN · LEXINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Washington and Lee University reported $401,707 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $7,331 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 3 years on file its reported administrative ratio has held roughly steady near 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 85th-largest of 2,266 plans among Virginia employers on file, and the 129th of 3,091 in educational services. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves; active participation has shrunk from 1,288 to 1,044 since 2022.

Plan summary
Net assets, end of year$436,880,129
Participants with balances2,061
Active participants1,044
Employer contributions$7,653,482
Employee contributions$7,554,294
Employer contribution per active participant$7,331
Average account balance$211,975
Benefits paid to participants$35,966,848
Plan auditUnmodified (clean) audit opinion
AuditorINSERO AND CO. CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$436.9M · 2,061 accts · $7.7M emplr
2023$407.5M · 2,117 accts · $7.3M emplr
2022$365.3M · 1,975 accts · $7.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$285,779
Investment management$99,303
Audit (IQPA)$16,625
Total administrative$401,707
Employer contributions to the Washington and Lee University plan · 2024
Employer contribution per active participant$7,331
Median for plans this size$4,294
2024$7,331 per active participant
2023$6,795 per active participant
2022$5,402 per active participant

Washington and Lee University's 2024 employer contribution ran above the $4,294 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 · 20245
TIAA · Recordkeeping · Pension consulting$226,015
SAGEVIEW ADVISORY GROUP, LLC · Consulting · Investment advisory (participants)$99,303
FIDELITY INV INST OPER COMPANY, INC · Consulting · Loan processing$51,752
INSERO AND COMPANY, CPAS, P.C. · Accounting / audit$16,625
THE ANGELL PENSION GROUP, INC. · Accounting / audit$8,012

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$401,707 · 0.10%
2023$349,235 · 0.09%
2022$372,191 · 0.09%
Same employer
Similar plansEducational Services · Virginia
University of Richmond VA$685.5M · 0.03%
Graham Holdings Company VA$537.1M · 0.06%
Strategic Education, Inc. VA$416.5M · 0.03%
Stride, Inc. VA$257.7M · 0.24%
Cfa Institute VA$240.4M · 0.03%
Roanoke College VA$151.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540505977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.