District of Columbia › Educational services › 100 to 249 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
The River School 403(b) Plan
Sponsored by The River School, Washington, DC
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.
The River School 403(b) Plan is a 403(b) plan sponsored by The River School of Washington, District of Columbia. For the plan year ending 31 Aug 2025 it reported 152 participants, 96 of them active, and net assets of $14.1M.
Net assets came to $92,605 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above 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.
The employer contributed $214K during the year, or $2,225 per active participant against a same-size median of $2,447; participants contributed $691K and $3,398 arrived as rollovers and other contributions. Benefits paid out totalled $479K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $73K: $477 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $73K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
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 | $92,605 | $60,185 | $73,018 | $53,102 |
| Employer contributions per active participant | $2,225 | $2,447 | $2,838 | $2,175 |
| Schedule C compensation per participant | $477 | $194 | $95.66 | $123 |
| Schedule C compensation, share of net assets | 0.52% | 0.32% | 0.13% | 0.26% |
| Administrative expenses per participant | $478 | $176 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), educational services (2,753) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$12,103,082
- Employer contributions$213,644
- Participant contributions$690,778
- Rollovers and other contributions$3,398
- Total contributions$907,820
- Total income, including investment results$2,524,167
- Benefits paid$478,715
- Administrative expenses$72,587
- Total expenses$551,302
- Net income$1,972,865
- Net transfers$0
- Net assets, end of year$14,075,947
Participants
- Active participants96
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits56
- Participants with account balances139
- Total participants, end of year152
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| TIAA CREF | Recordkeeping and information management | $42,637 | $0 |
| RBC Wealth Management | Investment advisory (plan) | $29,935 | $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$72,587
- Total administrative expenses$72,587
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)$13.8M · 98.0%
- Insurance company general account$215K · 1.5%
- Participant loans$65K · 0.5%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmHozik & Company,p.l.c.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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) plan2LCode section 403(b)(1) arrangement (annuity contracts)2MCode section 403(b)(7) accounts (custodial accounts for regulated investment company stock)
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 District of Columbia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| DC Scholars Public Charter School 403(b) Retirement Plan | DC Scholars Public Charter School | 161 | $2.3M | $14,189 |
| Elsie Whitlow Stokes Community Freedom Public Charter School Tax Deferred Annuity Retirement Plan | Elsie Whitlow Stokes Community Freedom Public Charter School | 151 | — | — |
| Educare of Washington, DC 403(b) Plan | Educare of Washington, DC | 169 | $3.2M | $18,834 |
| The American Embassy School Association of New Delhi 401(k) Plan | The American Embassy School Association of New Delhi | 142 | — | — |
| Meridian Public Charter School 401(k) Plan | Meridian Public Charter School | 171 | $5.0M | $29,332 |
| American Forest Foundation 401(k) Plan | American Forest Foundation | 137 | — | — |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is The River School 403(b) Plan?
152 participants at the end of the plan year ending 31 Aug 2025, of whom 96 were active employees, with net assets of $14,075,947. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does The River School contribute per participant?
The filing reports $213,644 in employer contributions for the year, which is $2,225 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $72,572 in compensation to service provider organisations, $477 per participant or 0.52% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $72,587. 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 River School. Recordkeeping or administration: TIAA CREF. Investment advisory or management: RBC Wealth Management. The financial statements were audited by Hozik & Company,p.l.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 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 13 Jun 2026. 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 52-2172713, plan 001, received 13 Jun 2026; 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.