Plan Ledger DOL Form 5500 · updated monthly

West Side Montessori School403(b)

WEST SIDE MONTESSORI SCHOOL 403(B) DC PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

West Side Montessori School reported $690 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,691 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 fell from 0.008% to 0.007%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (3,497th of 5,648), and 2,044th of 3,091 in educational services. In 2024, the employer put in $1.51 for every $1.00 employees contributed themselves; active participation has grown from 76 to 86 since 2022.

Plan summary
Net assets, end of year$10,820,239
Participants with balances167
Active participants86
Employer contributions$575,439
Employee contributions$380,749
Employer contribution per active participant$6,691
Average account balance$64,792
Benefits paid to participants$288,130
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 167 accts · $575K emplr
2023$9.0M · 153 accts · $506K emplr
2022$7.2M · 148 accts · $466K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$690
Total administrative$690
Employer contributions to the West Side Montessori School plan · 2024
Employer contribution per active participant$6,691
Median for plans this size$1,313
2024$6,691 per active participant
2023$6,403 per active participant
2022$6,126 per active participant

West Side Montessori School's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$690 · 0.01%
2023$630 · 0.01%
2022$650 · 0.01%
Similar plansEducational Services · New York
The Park School of Buffalo NY$11.2M · 0.00%
Maria College NY$11.1M
Outward Bound Inc NY$10.9M · 0.00%
Equality Charter School NY$10.5M · 0.28%
Unbounded Learning, Inc. NY$10.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131992185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.