Maryland › Educational services › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The Ivymount School and Programs 403(b) Plan
Sponsored by The Ivymount School, Inc., Rockville, MD
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, The Ivymount School and Programs 403(b) Plan covered 583 participants and held $24.8M in net assets. The plan is a 403(b) plan sponsored by The Ivymount School, Inc. of Rockville, Maryland.
Net assets came to $42,562 per participant, below the $46,267 median for defined contribution plans with 500 to 999 participants and well below the $73,018 median for defined contribution plans in educational services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $80K: $136 per participant, above the same-size median of $113. Administrative expenses charged to the plan were $79K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $10.5M in 2009 to $24.8M in 2024 (up 137%), and participants from 549 to 583 (up 6%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $42,562 | $46,267 | $73,018 | $53,102 |
| Employer contributions per active participant | — | $1,934 | $2,838 | $2,175 |
| Schedule C compensation per participant | $136 | $113 | $95.66 | $123 |
| Schedule C compensation, share of net assets | 0.32% | 0.25% | 0.13% | 0.26% |
| Administrative expenses per participant | $136 | $109 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), educational services (2,753) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 583 | $24.8M | $42,563 | — | $909K | $80K |
| 2023 | 596 | $22.8M | $38,178 | — | $764K | $51K |
| 2022 | 589 | $21.1M | $35,783 | $0 | $777K | $31K |
| 2021 | 538 | $25.9M | $48,132 | $32K | $824K | $49K |
| 2020 | 631 | $24.0M | $38,109 | — | $869K | $29K |
| 2019 | 672 | $21.3M | $31,729 | — | $836K | $31K |
| 2018 | 774 | $19.4M | $25,045 | — | $900K | $31K |
| 2017 | 622 | $20.0M | $32,127 | — | $800K | $28K |
| 2016 | 665 | $17.3M | $25,940 | — | $788K | $14K |
| 2015 | 634 | $15.7M | $24,839 | — | $698K | $9,000 |
| 2014 | 619 | $15.8M | $25,523 | — | $656K | $10K |
| 2013 | 613 | $15.6M | $25,522 | — | $610K | $10K |
| 2012 | 598 | $14.0M | $23,418 | — | $631K | $10K |
| 2011 | 593 | $12.3M | $20,784 | — | $718K | $11K |
| 2010 | 562 | $12.0M | $21,279 | $42K | $839K | $12K |
| 2009 | 549 | $10.5M | $19,053 | $669K | $308K | $14K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$22,754,177
- Employer contributions—
- Participant contributions$908,598
- Rollovers and other contributions$63,000
- Total contributions$971,598
- Total income, including investment results$3,709,365
- Benefits paid$1,570,240
- Administrative expenses$79,175
- Total expenses$1,649,788
- Net income$2,059,577
- Net transfers$0
- Net assets, end of year$24,813,754
Participants
- Active participants275
- Retired or separated, receiving benefits2
- Retired or separated, entitled to future benefits306
- Participants with account balances440
- Total participants, end of year583
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Lincoln National Corporation | Contract Administrator | $46,585 | $0 |
| Snowden Capital Advisors, LLC | Consulting (general); Investment advisory (plan) | $24,136 | $0 |
| Mullins, PC | Accounting (including auditing) | $8,839 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$46,200
- Investment advisory and management fees$24,136
- IQPA audit fees$8,839
- Total administrative expenses$79,175
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$18.1M · 72.9%
- Insurance company general account$6.7M · 26.8%
- Participant loans$80K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMullins P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2LCode section 403(b)(1) arrangement (annuity contracts)2MCode section 403(b)(7) accounts (custodial accounts for regulated investment company stock)2TTotal or partial participant-directed account plan with a default investment account3HPlan sponsor(s) is (are) a member(s) of a controlled group3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 611000: Educational Services (including schools, colleges, & universities).
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Charles E. Smith Jewish Day School Defined Contribution Plan | Charles E. Smith Jewish Day School of Greater Washington, Inc. | 588 | $106M | $180,611 |
| The Seed School of Maryland 403(b) Plan | The Seed School of Maryland, Inc. | 566 | $5.8M | $10,236 |
| Gilman School Defined Contribution Retirement Plan | Gilman School | 648 | $108M | $167,034 |
| Bryn Mawr School Retirement Plan for Faculty Members and Administrative Staff | Bryn Mawr School for Girls of Baltimore City, Inc. | 535 | $50.7M | $94,729 |
| American Physical Society Defined Contribution and Tax Deferred Annuity Retirement Plan | American Physical Society | 672 | $143M | $212,403 |
| The Children's Guild, Inc. 403(b) Plan | The Children's Guild, Inc. | 532 | $10.1M | $18,992 |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is The Ivymount School and Programs 403(b) Plan?
583 participants at the end of the plan year ending 31 Dec 2024, of whom 275 were active employees, with net assets of $24,813,754. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does The Ivymount School, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $79,560 in compensation to service provider organisations, $136 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $79,175. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The Ivymount School, Inc.. Recordkeeping or administration: Lincoln National Corporation. Investment advisory or management: Snowden Capital Advisors, LLC. The financial statements were audited by Mullins P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 52-1195527, plan 002, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.