Plan Ledger DOL Form 5500 · updated monthly

Bronx Charter School for Better Learning403(b)

BRONX CHARTER SCHOOL FOR BETTER LEARNING · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Bronx Charter School for Better Learning reported $78,954 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,329 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 rose from 0.96% to 1.07%. 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 (3,939th of 5,648), and 2,272nd of 3,091 in educational services. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has shrunk from 170 to 146 since 2022.

Plan summary
Net assets, end of year$7,814,877
Participants with balances199
Active participants146
Employer contributions$340,026
Employee contributions$530,844
Employer contribution per active participant$2,329
Average account balance$39,271
Benefits paid to participants$838,276
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 199 accts · $340K emplr
2023$7.0M · 201 accts · $304K emplr
2022$5.7M · 177 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,849
Investment management$70,105
Total administrative$78,954
Employer contributions to the Bronx Charter School for Better Learning plan · 2024
Employer contribution per active participant$2,329
Median for plans this size$1,313
2024$2,329 per active participant
2023$1,776 per active participant
2022$1,619 per active participant

Bronx Charter School for Better Learning'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.

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
ASCENSUS LLC · Loan processing · Recordkeeping$8,849
PLAN MEMBER SECURITIES CORP · Investment advisory (plan)$70,105

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$78,954 · 1.07%
2023$70,274 · 1.11%
2022$53,880 · 0.96%
Similar plansEducational Services · New York
Hta NY$8.4M · 0.85%
Shefa School NY$8.1M · 0.08%
Poughkeepsie Day School NY$7.8M · 0.25%
A.A. World Services, Inc. NY$7.7M · 0.46%
Flatiron School LLC NY$7.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260061118 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.