Plan Ledger DOL Form 5500 · updated monthly

Alliance Preparatory Schools, Inc.403(b)

ALLIANCE PREPARATORY SCHOOLS ERISA 403(B) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Alliance Preparatory Schools, Inc. reported $5,872 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $457 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 0.22% to 0.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in North Carolina (1,746th of 2,005), and 2,819th of 3,091 in educational services. In 2024, employees put in $2.32 for every $1.00 the employer contributed; active participation has grown from 170 to 246 since 2022.

Plan summary
Net assets, end of year$2,288,047
Participants with balances133
Active participants246
Employer contributions$112,341
Employee contributions$260,761
Employer contribution per active participant$457
Average account balance$17,203
Benefits paid to participants$189,416
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.3M · 133 accts · $112K emplr
2023$1.9M · 126 accts · $138K emplr
2022$1.3M · 130 accts · $133K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,872
Total administrative$5,872
Employer contributions to the Alliance Preparatory Schools, Inc. plan · 2024
Employer contribution per active participant$457
Median for plans this size$1,313
2024$457 per active participant
2023$784 per active participant
2022$785 per active participant

Alliance Preparatory Schools, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20242
EQUITABLE FINANCIAL LIFE INSURANCE · Trustee (directed) · Investment management$3,708
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$739

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$5,872 · 0.28%
2023$4,093 · 0.25%
2022$2,375 · 0.22%
Similar plansEducational Services · North Carolina
Gaston Day School, Inc. NC$2.4M · 0.59%
Wayne Preparatory Academy NC$542K · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464207477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.