Brighter Choice Charter Schools403(b)
BRIGHTER CHOICE CHARTER SCHOOLS FOR GIRLS 403(B) RETIREMENT PLAN · ALBANY, NY · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Brighter Choice Charter Schools reported $38,118 in plan administrative expenses for 2023: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,116 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 6 years on file its reported administrative ratio rose from 0.16% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (4,697th of 5,648), and 2,628th of 3,091 in educational services. In 2023, the employer put in $1.20 for every $1.00 employees contributed themselves.
Brighter Choice Charter Schools's 2023 employer contribution ran above the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 141830897 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.