Plan Ledger DOL Form 5500 · updated monthly

Amber Charter School403(b)

AMBER CHARTER SCHOOL 403(B) DC PLAN · BRONX, NY · plan year 2024

Employer contribution per participant · 2024
$3,748

Amber Charter School's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $9,743,481 across 317 participant accounts, with employer contributions averaging $3,748 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 New York (3,645th of 5,648), and 2,137th of 3,091 in educational services. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has grown from 101 to 177 since 2019.

Plan summary
Net assets, end of year$9,743,481
Participants with balances317
Active participants177
Employer contributions$663,391
Employee contributions$646,054
Employer contribution per active participant$3,748
Average account balance$30,737
Benefits paid to participants$328,640
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR & CO. LLP
Plan history4
Yearassets · accounts · employer contribution
2024$9.7M · 317 accts · $663K emplr
2023$8.0M · 288 accts · $562K emplr
2022$6.3M · 253 accts · $493K emplr
2019$3.5M · 155 accts · $313K emplr
Employer contributions to the Amber Charter School plan · 2024
Employer contribution per active participant$3,748
Median for plans this size$1,313
2024$3,748 per active participant
2023$2,444 per active participant
2022$3,402 per active participant
2019$3,099 per active participant

Amber Charter School's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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.

Administrative cost history4
2024Not separately reported
2023Not separately reported
2022Not separately reported
2019Not separately reported
Similar plansEducational Services · New York
The Child School NY$9.8M · 0.00%
The Posse Foundation NY$9.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134119814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.