Plan Ledger DOL Form 5500 · updated monthly

Westminster College403(b)

WESTMINSTER COLLEGE 403(B) RETIREMENT ACCOUNT · FULTON, MO · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Westminster College reported $55,466 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $805 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 0.00% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 435th-largest of 1,393 plans among Missouri employers on file, and the 1,251st of 3,091 in educational services. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 229 to 310 since 2022.

Plan summary
Net assets, end of year$31,544,617
Participants with balances507
Active participants310
Employer contributions$249,547
Employee contributions$517,857
Employer contribution per active participant$805
Average account balance$62,218
Benefits paid to participants$2,570,694
Plan auditDisclaimer of opinion
AuditorWILLIAMS KEEPERS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$31.5M · 507 accts · $250K emplr
2023$30.2M · 459 accts · $199K emplr
2022$28.1M · 433 accts · $236K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,953
Investment management$37,554
Total administrative$55,466
Employer contributions to the Westminster College plan · 2024
Employer contribution per active participant$805
Median for plans this size$2,416
2024$805 per active participant
2023$1,132 per active participant
2022$1,031 per active participant

Westminster College's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

Service providers · 20243
EDWARD D JONES & CO LP · Investment advisory (plan)indirect comp
MORNINGSTAR INC DBA MORNINGSTAR ASSindirect comp

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

Administrative cost history3
2024$55,466 · 0.18%
2023$365 · 0.00%
2022$293 · 0.00%
Same employer
Similar plansEducational Services · Missouri
Fontbonne University MO$40.8M · 0.13%
Avila University MO$34.5M · 0.20%
Kansas City Art Institute MO$32.1M · 0.18%
Logan University MO$29.8M · 0.02%
Culver Stockton College MO$29.5M · 0.00%
The Barstow School MO$26.9M · 0.24%
Stephens College MO$26.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430652617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.