Plan Ledger DOL Form 5500 · updated monthly

William Peace University403(b)

WILLIAM PEACE UNIVERSITY RETIREMENT PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

William Peace University reported $58,662 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,688 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 0.24% to 0.27%. 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 678th-largest of 2,005 plans among North Carolina employers on file, and the 1,500th of 3,091 in educational services. In 2024, employees put in $2.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,743,571
Participants with balances335
Active participants136
Employer contributions$229,551
Employee contributions$556,917
Employer contribution per active participant$1,688
Average account balance$67,891
Benefits paid to participants$929,990
Plan auditUnmodified (clean) audit opinion
AuditorAC CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 335 accts · $230K emplr
2023$20.3M · 332 accts · $212K emplr
2022$18.0M · 329 accts · $204K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,742
Investment management$10,920
Total administrative$58,662
Employer contributions to the William Peace University plan · 2024
Employer contribution per active participant$1,688
Median for plans this size$2,416
2024$1,688 per active participant
2023$1,556 per active participant
2022$1,465 per active participant

William Peace University's 2024 employer contribution ran below 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
TIAA$28,017
VERITY ASSET MANAGEMENT, INC. · Investment advisory (plan)$15,414
CAPITAL ASSET ADVISORY SVCS · Investment advisory (plan)$15,307

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$58,662 · 0.27%
2023$49,107 · 0.26%
2022$46,940 · 0.24%
Same employer
Similar plansEducational Services · North Carolina
Chowan University NC$24.2M · 0.27%
Salem Academy and College NC$24.2M · 0.16%
Greensboro College Inc NC$24.1M · 0.03%
Carolina Friends School NC$23.8M · 0.11%
Proctoru Inc dba Proctoru NC$22.2M · 0.46%
Measurement Incorporated NC$22.1M · 0.19%
Saint Marys School NC$20.4M · 0.02%
Brevard College Corporation NC$19.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560529988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.