Plan Ledger DOL Form 5500 · updated monthly

Bradford Preparatory School, Inc.401(k)

BRADFORD PREPARATORY SCHOOL, INC. 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Bradford Preparatory School, Inc. reported $23,389 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,482 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 0.55% to 0.45%. 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 (1,409th of 2,005), and 2,471st of 3,091 in educational services. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,488,085
Participants with balances167
Active participants162
Employer contributions$240,088
Employee contributions$371,813
Employer contribution per active participant$1,482
Average account balance$32,863
Benefits paid to participants$694,914
Plan auditUnmodified (clean) audit opinion
AuditorAC CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 167 accts · $240K emplr
2023$4.8M · 178 accts · $270K emplr
2022$3.7M · 170 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,389
Total administrative$23,389
The Bradford Preparatory School, Inc. 401(k) match · 2024
Employer contribution per active participant$1,482
Median for plans this size$1,313
2024$1,482 per active participant
2023$1,400 per active participant
2022$1,563 per active participant

Bradford Preparatory School, Inc.'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 · 20243
EDWARD JONES · Investment advisory (plan)$17,952
CAPITAL GROUP RETIREMENT PLAN SER$3,336
MAXUS PLAN SOLUTIONS · Contract administrator$2,400

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$23,389 · 0.45%
2023$20,839 · 0.49%
2022$18,144 · 0.55%
Similar plansEducational Services · North Carolina
Union Academy NC$6.4M · 0.02%
The Fletcher School NC$5.7M · 0.12%
St. Timothys School, Inc. NC$2.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460751662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.