Plan Ledger DOL Form 5500 · updated monthly

Brooklyn Prospect Charter School401(k)

BROOKLYN PROSPECT CHARTER SCHOOL RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Brooklyn Prospect Charter School reported $101,954 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,154 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 3 years on file its reported administrative ratio has held roughly steady near 0.60%. 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 2,645th-largest of 5,648 plans among New York employers on file, and 1,654th of 3,091 in educational services. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has shrunk from 426 to 285 since 2022.

Plan summary
Net assets, end of year$18,307,732
Participants with balances588
Active participants285
Employer contributions$898,801
Employee contributions$1,582,684
Employer contribution per active participant$3,154
Average account balance$31,136
Benefits paid to participants$2,411,138
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 588 accts · $899K emplr
2023$15.7M · 350 accts · $942K emplr
2022$11.8M · 542 accts · $917K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,048
Investment management$37,906
Total administrative$101,954
The Brooklyn Prospect Charter School 401(k) match · 2024
Employer contribution per active participant$3,154
Median for plans this size$2,416
2024$3,154 per active participant
2023$3,770 per active participant
2022$2,154 per active participant

Brooklyn Prospect Charter School'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 · 20243
WBG ADVISORS LLC · Investment advisory (plan)$34,376
EMPOWER ADVISORY GROUP, LLC · Investment management$3,530

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$101,954 · 0.60%
2023$77,609 · 0.56%
2022$69,928 · 0.58%
Same employer
Similar plansEducational Services · New York
Manlius Pebble Hill School NY$19.0M · 0.07%
Donorschoose.Org NY$18.8M · 0.02%
The Ross School NY$18.5M · 0.11%
Stephen Gaynor School NY$18.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263206518 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.