Plan Ledger DOL Form 5500 · updated monthly

Whitefield Academy403(b)

WHITEFIELD ACADEMY 403(B) PLAN · MABLETON, GA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Whitefield Academy reported $2,602 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,020 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 0.02%. 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 1,046th-largest of 2,160 plans among Georgia employers on file, and 1,851st of 3,091 in educational services. In 2024, employees put in $1.13 for every $1.00 the employer contributed; active participation has grown from 147 to 167 since 2022.

Plan summary
Net assets, end of year$14,158,390
Participants with balances285
Active participants167
Employer contributions$504,377
Employee contributions$568,480
Employer contribution per active participant$3,020
Average account balance$49,679
Benefits paid to participants$944,418
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 285 accts · $504K emplr
2023$12.3M · 286 accts · $441K emplr
2022$10.2M · 264 accts · $407K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,602
Total administrative$2,602
Employer contributions to the Whitefield Academy plan · 2024
Employer contribution per active participant$3,020
Median for plans this size$2,416
2024$3,020 per active participant
2023$2,790 per active participant
2022$2,767 per active participant

Whitefield Academy's 2024 employer contribution ran above the $2,416 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 · 20243
UBS · Investment advisory (plan)$34,231
TIAA$2,576
LINCOLN NATIONAL CORPORATION · Contract administrator$25

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$2,602 · 0.02%
2023$95 · 0.00%
2022$25 · 0.00%
Same employer
Similar plansEducational Services · Georgia
Rabun Gap-Nacoochee School GA$15.2M · 0.00%
Reinhardt University GA$15.0M · 0.29%
The Howard School, Inc. GA$13.5M · 1.08%
Tallulah Falls School Inc GA$13.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581224983 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.