Plan Ledger DOL Form 5500 · updated monthly

Waynesburg University403(b)

WAYNESBURG UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLAN · WAYNESBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Waynesburg University reported $20,622 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,219 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 0.03% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 695th-largest of 3,651 plans among Pennsylvania employers on file, and the 813th of 3,091 in educational services. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has shrunk from 360 to 236 since 2022.

Plan summary
Net assets, end of year$59,134,719
Participants with balances609
Active participants236
Employer contributions$523,631
Employee contributions$622,372
Employer contribution per active participant$2,219
Average account balance$97,101
Benefits paid to participants$3,745,355
Plan auditUnmodified (clean) audit opinion
AuditorSCHNEIDER DOWNS CO., LLC
Plan history3
Yearassets · accounts · employer contribution
2024$59.1M · 609 accts · $524K emplr
2023$55.3M · 619 accts · $991K emplr
2022$50.7M · 635 accts · $956K emplr
Administrative expenses, itemized · 2024
Investment management$20,622
Total administrative$20,622
Employer contributions to the Waynesburg University plan · 2024
Employer contribution per active participant$2,219
Median for plans this size$3,635
2024$2,219 per active participant
2023$2,948 per active participant
2022$2,655 per active participant

Waynesburg University's 2024 employer contribution ran below the $3,635 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
TEACHERS INSURANCE & ANNUITY ASSOC · Recordkeeping · Custodial (securities)$19,171

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

Recordkeeper by year2
2024TEACHERS INSURANCE & ANNUITY ASSOC
2023TEACHERS INSURANCE & ANNUITY ASSOC

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

Administrative cost history3
2024$20,622 · 0.04%
2023$17,102 · 0.03%
2022$16,159 · 0.03%
Same employer
Similar plansEducational Services · Pennsylvania
Seton Hill University PA$69.3M · 0.07%
Neumann University PA$63.4M · 0.13%
The Episcopal Academy PA$58.3M · 0.05%
The Agnes Irwin School PA$57.6M · 0.06%
Carlow University PA$56.1M · 0.06%
Shipley School PA$52.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250965603 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.