Plan Ledger DOL Form 5500 · updated monthly

Atmosphere Academy Public Charter School401(k)

ATMOSPHERE ACADEMY PUBLIC CHARTER SCHOOL 401(K) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Atmosphere Academy Public Charter School reported $54,049 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,772 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 1 year on file its reported administrative ratio rose from 0.62% to 1.10%. 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 (4,362nd of 5,648), and 2,464th of 3,091 in educational services. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,616,719
Participants with balances245
Active participants219
Employer contributions$387,964
Employee contributions$775,239
Employer contribution per active participant$1,772
Average account balance$22,925
Benefits paid to participants$586,574
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR & CO LLP
Plan history2
Yearassets · accounts · employer contribution
2024$5.6M · 245 accts · $388K emplr
2023$4.3M · 244 accts · $78K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,158
Investment management$5,041
Total administrative$54,049
The Atmosphere Academy Public Charter School 401(k) match · 2024
Employer contribution per active participant$1,772
Median for plans this size$1,313
2024$1,772 per active participant
2023$449 per active participant

Atmosphere Academy Public Charter School's 2024 employer contribution ran above the $1,313 median for plans its size. 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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$5,028
THE PINNACLE FINANCIAL GROUPindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$54,049 · 1.10%
2023$26,308 · 0.62%
Same employer
Similar plansEducational Services · New York
Metschools, LLC NY$5.7M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471504209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.