Plan Ledger DOL Form 5500 · updated monthly

Westminster Christian School403(b)

WESTMINSTER CHRISTIAN SCHOOL 403(B) PLAN · PALMETTO BAY, FL · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Westminster Christian School reported $31,463 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $1,987 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 has held roughly steady near 0.58%. 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 Florida (2,260th of 3,644), and 2,392nd of 3,091 in educational services. In 2024, employees put in $1.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,365,066
Participants with balances160
Active participants249
Employer contributions$494,679
Employee contributions$703,678
Employer contribution per active participant$1,987
Average account balance$39,782
Benefits paid to participants$150,569
Plan auditUnmodified (clean) audit opinion
AuditorVERDEJA & ALVAREZ LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 160 accts · $495K emplr
2023$4.6M · 143 accts · $393K emplr
2022$3.1M · 142 accts · $352K emplr
Employer contributions to the Westminster Christian School plan · 2024
Employer contribution per active participant$1,987
Median for plans this size$1,313
2024$1,987 per active participant
2023$1,498 per active participant
2022$1,420 per active participant

Westminster Christian School's 2024 employer contribution ran above the $1,313 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
PROACCOUNT · Recordkeeping$6,777
NATIONWIDE · Investment management$22,828
RAYMOND JAMES FIN SERV ADVISORS · Investment management$22,691
NATIONWIDE RETIREMENT PLANS · Investment management$315
NATIONWIDE · Investment management$85

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

Recordkeeper by year2
2024PROACCOUNT
2023Nationwide

This plan has changed recordkeepers within these filings. If you left Westminster Christian School before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$31,463 · 0.58%
2023$22,838 · 0.60%
2022Not separately reported
Same employer
Similar plansEducational Services · Florida
The Geneva School FL$6.8M · 0.71%
Atp Professionals Inc. FL$6.3M · 0.30%
All Saints Academy FL$5.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 596057154 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.