Plan Ledger DOL Form 5500 · updated monthly

Charter School Associates, Inc.401(k)

CHARTER SCHOOL 401(K) RETIREMENT PLAN · CORAL SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
1.12%

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

Charter School Associates, Inc. reported $114,676 in plan administrative expenses for 2024: 1.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $239 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 1.30% to 1.12%. 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 1,654th-largest of 3,644 plans among Florida employers on file, and 2,011th of 3,091 in educational services. In 2024, employees put in $4.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,311,532
Participants with balances540
Active participants1,382
Employer contributions$330,184
Employee contributions$1,600,787
Employer contribution per active participant$239
Average account balance$20,947
Benefits paid to participants$968,574
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 540 accts · $330K emplr
2023$9.2M · 534 accts · $237K emplr
2022$7.4M · 521 accts · $218K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,101
Investment management$44,075
Audit (IQPA)$12,500
Total administrative$114,676
The Charter School Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$239
Median for plans this size$2,416
2024$239 per active participant
2023$180 per active participant
2022$167 per active participant

Charter School Associates, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$38,055
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$20,046
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$35,796
TEMPLETON & COMPANY LLP · Accounting / audit$12,500
316 FIDUCIARY SERVICES CORPORATIO · Plan administrator · Investment advisory (plan)$8,279

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$114,676 · 1.12%
2023$97,667 · 1.18%
2022$100,080 · 1.30%
Same employer
Similar plansEducational Services · Florida
Ave Maria University FL$11.8M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311819379 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.