Plan Ledger DOL Form 5500 · updated monthly

Western Seminary403(b)

WESTERN SEMINARY 403 (B) PLAN · PORTLAND, OR · plan year 2023

Reported admin expense ratio · 2023
0.55%

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

Western Seminary reported $26,496 in plan administrative expenses for 2023: 0.55% of average plan assets, above the peer median. Employer contributions averaged $1,100 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 0.468%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Oregon (743rd of 1,021), and 2,491st of 3,091 in educational services. In 2023, employees put in $4.14 for every $1.00 the employer contributed; active participation has shrunk from 97 to 85 since 2022.

Plan summary
Net assets, end of year$5,274,383
Participants with balances149
Active participants85
Employer contributions$93,514
Employee contributions$387,601
Employer contribution per active participant$1,100
Average account balance$35,399
Benefits paid to participants$110,025
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 141 accts · $97K emplr
2023$5.3M · 149 accts · $94K emplr
2022$4.3M · 147 accts · $87K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,844
Total administrative$26,496
Employer contributions to the Western Seminary plan · 2023
Employer contribution per active participant$1,100
Median for plans this size$1,308
2024$1,089 per active participant
2023$1,100 per active participant
2022$900 per active participant

Western Seminary's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
TIAA · Recordkeeping · Pension consulting$2,147
TWO WEST CAPITAL ADVISORS$10,026
PENTEGRA SERVICES, INC. · Plan administrator · Pension consulting$6,270
COULTER & JUSTUS · Accounting / audit$5,800

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$24,296 · 0.47%
2023$26,496 · 0.55%
2022$20,956 · 0.47%
Similar plansEducational Services · Oregon
Foodcorps, Inc. OR$8.8M · 0.71%
Multnomah University OR$8.6M · 0.37%
Serendipity Center, Inc. OR$5.0M · 0.76%
Portland Jewish Academy OR$4.8M · 0.90%
Delphi Schools, Inc. OR$3.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930429022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.