Miami Boarding School, Inc. DBA the Seed School of Miami 403(b) match, vesting and fees
What Miami Boarding School, Inc. DBA the Seed School of Miami's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Verdeja & Alvarez, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,134 defined-contribution plans in educational services with 100 to 499 participants.
| Miami Boarding School, Inc. DBA the Seed School of Miami: employer contribution per participant | $2,289 | |
| Peer median | $1,684 |
| Miami Boarding School, Inc. DBA the Seed School of Miami: average balance | $21,469 | |
| Peer median | $62,952 |
| Miami Boarding School, Inc. DBA the Seed School of Miami: admin expenses ÷ assets | 0.20% | |
| Peer median | 0.17% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.6M at the end of plan year 2021 to $2.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 118 | $2.5M | $265K | $2,289 | 0.20% | Not published | Form 5500 ↗ |
| 2023 | 132 | $2.3M | $238K | $1,859 | 0.17% | Not published | Form 5500 ↗ |
| 2022 | 126 | $2.1M | $258K | $2,133 | 0.19% | Not published | Form 5500 ↗ |
| 2021 | 124 | $1.6M | $200K | $1,722 | 0.16% | Not published | 5500-SF ↗ |
Common questions
Does Miami Boarding School, Inc. DBA the Seed School of Miami match 401(k) contributions?
The match terms for the The Seed School of Miami 403(b) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $265K in employer contributions, about $2,289 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Miami Boarding School, Inc. DBA the Seed School of Miami 401(k) match vested?
The vesting schedule for the The Seed School of Miami 403(b) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Miami Boarding School, Inc. DBA the Seed School of Miami 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is The Miami Boarding School, Inc. DBA the Seed School of Miami.
I left Miami Boarding School, Inc. DBA the Seed School of Miami. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Miami Boarding School, Inc. DBA the Seed School of Miami, (305) 600-1367) or the recordkeeper, Principal Life Insurance Company. The Miami Boarding School, Inc. DBA the Seed School of Miami old 401(k) page lists the contacts from every plan filing. Find an old Miami Boarding School, Inc. DBA the Seed School of Miami 401(k)
Data from the public Form 5500 annual reports Miami Boarding School, Inc. DBA the Seed School of Miami filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Miami Boarding School, Inc. DBA the Seed School of Miami. Not financial advice. Report a correction · Methodology