Plan Ledger DOL Form 5500 · updated monthly

Wisconsin Association of Independent Colleges and Universities403(b)

WAICU RETIREMENT READINESS PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Wisconsin Association of Independent Colleges and Universities reported $269,570 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,761 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 0.06% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 75th-largest of 1,936 plans among Wisconsin employers on file, and the 134th of 3,091 in educational services. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has shrunk from 2,151 to 1,904 since 2022.

Plan summary
Net assets, end of year$417,992,067
Participants with balances3,978
Active participants1,904
Employer contributions$5,257,433
Employee contributions$8,575,342
Employer contribution per active participant$2,761
Average account balance$105,076
Benefits paid to participants$41,463,290
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$418.0M · 3,978 accts · $5.3M emplr
2023$399.7M · 3,813 accts · $5.6M emplr
2022$342.6M · 3,619 accts · $5.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$219,754
Investment management$49,816
Total administrative$269,570
Employer contributions to the Wisconsin Association of Independent Colleges and Universities plan · 2024
Employer contribution per active participant$2,761
Median for plans this size$4,294
2024$2,761 per active participant
2023$2,673 per active participant
2022$2,316 per active participant

Wisconsin Association of Independent Colleges and Universities's 2024 employer contribution ran below the $4,294 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Participant communication · Claims processing$184,070
ADVANCED CAPITAL GROUP · Consulting · Insurance services$49,816
WISCONSIN ASSOCIATION OF INDEPENDEN$32,817
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$269,570 · 0.07%
2023$240,339 · 0.06%
2022$223,364 · 0.06%
Similar plansEducational Services · Wisconsin
Marquette University WI$926.0M · 0.04%
Carthage College WI$145.2M · 0.09%
Herzing University, LTD WI$61.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391039417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.