Plan Ledger DOL Form 5500 · updated monthly

Bronx Charter School for Excellence403(b)

BRONX CHARTER SCHOOL FOR EXCELLENCE 403(B) DEFERRED COMPENSATION PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Bronx Charter School for Excellence reported $71,083 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,591 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 0.66% to 0.62%. 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 among the smaller plans on file in New York (3,242nd of 5,648), and 1,933rd of 3,091 in educational services. In 2024, employees put in $1.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,668,888
Participants with balances527
Active participants347
Employer contributions$898,968
Employee contributions$1,162,966
Employer contribution per active participant$2,591
Average account balance$24,040
Benefits paid to participants$349,168
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 527 accts · $899K emplr
2023$10.1M · 478 accts · $887K emplr
2022$7.9M · 322 accts · $591K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,083
Total administrative$71,083
Employer contributions to the Bronx Charter School for Excellence plan · 2024
Employer contribution per active participant$2,591
Median for plans this size$2,416
2024$2,591 per active participant
2023$3,017 per active participant
2022$1,728 per active participant

Bronx Charter School for Excellence's 2024 employer contribution ran above the $2,416 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 · 20244
NFP RETIREMENT, INC. · Investment advisory (plan)$38,252
ECONOMIC GROUP PENSION SERVICES INC · Contract administrator$7,160
ECONOMIC GROUP PENSION SERVICES LLC · Contract administrator$1,500

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$71,083 · 0.62%
2023$69,260 · 0.77%
2022$48,050 · 0.66%
Similar plansEducational Services · New York
Integration Charter Schools NY$13.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450507998 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.