Plan Ledger DOL Form 5500 · updated monthly

Coney Island Preparatory Charter School403(b)

CONEY ISLAND PREPARATORY CHARTER SCHOOL 403(B) RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Coney Island Preparatory Charter School reported $49,370 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $2,102 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 0.61% to 0.52%. 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 (3,594th of 5,648), and 2,104th of 3,091 in educational services. In 2024, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,139,068
Participants with balances215
Active participants241
Employer contributions$506,510
Employee contributions$743,491
Employer contribution per active participant$2,102
Average account balance$47,158
Benefits paid to participants$1,154,759
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 215 accts · $507K emplr
2023$8.8M · 206 accts · $476K emplr
2022$7.7M · 217 accts · $513K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,016
Investment management$34,354
Total administrative$49,370
Employer contributions to the Coney Island Preparatory Charter School plan · 2024
Employer contribution per active participant$2,102
Median for plans this size$1,313
2024$2,102 per active participant
2023$2,034 per active participant
2022$2,231 per active participant

Coney Island Preparatory Charter School's 2024 employer contribution ran above the $1,313 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
OSAIC WEALTH INC · Investment advisory (plan)$16,942
AMERICAN PORTFOLIOS FINANCIAL SVCS · Investment advisory (plan)$15,912
MAGII PENSION SERVICES · Contract administrator$8,382
CAPITAL GROUP RETIREMENT PLAN SERVI$7,284

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$49,370 · 0.52%
2023$53,124 · 0.64%
2022$43,755 · 0.61%
Similar plansEducational Services · New York
Equality Charter School NY$10.5M · 0.28%
Unbounded Learning, Inc. NY$10.4M · 0.15%
The Child School NY$9.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943453217 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.