Plan Ledger DOL Form 5500 · updated monthly

Classical Charter Schools401(k)

CLASSICAL CHARTER SCHOOL 401(K) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Classical Charter Schools reported $60,294 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,582 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 0.49% to 0.43%. 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 (2,969th of 5,648), and 1,815th of 3,091 in educational services. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,974,795
Participants with balances475
Active participants235
Employer contributions$841,837
Employee contributions$1,354,568
Employer contribution per active participant$3,582
Average account balance$31,526
Benefits paid to participants$2,210,414
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR & CO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 475 accts · $842K emplr
2023$13.0M · 462 accts · $861K emplr
2022$9.6M · 445 accts · $807K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,662
Investment management$44,632
Total administrative$60,294
The Classical Charter Schools 401(k) match · 2024
Employer contribution per active participant$3,582
Median for plans this size$2,416
2024$3,582 per active participant
2023$3,444 per active participant
2022$3,191 per active participant

Classical Charter Schools'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$60,293
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$60,294 · 0.43%
2023$54,129 · 0.48%
2022$49,168 · 0.49%
Similar plansEducational Services · New York
Cam-Held Enterprises, Inc. NY$15.6M · 0.45%
Prep for Prep NY$15.3M · 0.06%
New Leaders, Inc. NY$14.9M · 0.29%
Ascend Learning, Inc. NY$14.7M · 0.10%
El Education Inc NY$14.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460625647 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.