Plan Ledger DOL Form 5500 · updated monthly

Bay Ridge Preparatory SchoolDC plan

BAY RIDGE PREPARATORY SCHOOL RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Bay Ridge Preparatory School reported $36,186 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $6,648 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 fell from 0.18% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 2,181st-largest of 5,648 plans among New York employers on file, and the 1,416th of 3,091 in educational services. In 2024, employees put in $1.18 for every $1.00 the employer contributed; active participation has grown from 91 to 101 since 2022.

Plan summary
Net assets, end of year$25,343,604
Participants with balances179
Active participants101
Employer contributions$671,453
Employee contributions$792,295
Employer contribution per active participant$6,648
Average account balance$141,584
Benefits paid to participants$494,172
Plan history3
Yearassets · accounts · employer contribution
2024$25.3M · 179 accts · $671K emplr
2023$21.6M · 171 accts · $608K emplr
2022$17.9M · 197 accts · $576K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,186
Total administrative$36,186
Employer contributions to the Bay Ridge Preparatory School plan · 2024
Employer contribution per active participant$6,648
Median for plans this size$2,416
2024$6,648 per active participant
2023$6,142 per active participant
2022$6,326 per active participant

Bay Ridge Preparatory School's 2024 employer contribution ran above the $2,416 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.

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 · 20241

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$36,186 · 0.15%
2023$37,098 · 0.19%
2022$30,099 · 0.18%
Same employer
Similar plansEducational Services · New York
Birch Family Services, Inc. NY$26.7M · 0.64%
Staten Island Academy NY$26.0M · 0.00%
Afs USA NY$24.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113444169 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.