Westmont College403(b)
WESTMONT COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN CONTRIBUTION RETIREMENT PLAN · SANTA BARBARA, CA · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Westmont College reported $101,323 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,909 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 0.12% to 0.13%. 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 1,155th-largest of 9,483 plans among California employers on file, and the 616th of 3,091 in educational services. In 2024, employees put in $1.29 for every $1.00 the employer contributed.
Westmont College's 2024 employer contribution ran above 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 951684793 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.