Plan Ledger DOL Form 5500 · updated monthly

Dream Charter School403(b)

DREAM CHARTER SCHOOL 403(B) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Dream Charter School reported $28,068 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $644 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 rose from 0.66% to 0.70%. 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 (4,578th of 5,648), and 2,566th of 3,091 in educational services. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 211 to 302 since 2022.

Plan summary
Net assets, end of year$4,496,555
Participants with balances165
Active participants302
Employer contributions$194,429
Employee contributions$412,425
Employer contribution per active participant$644
Average account balance$27,252
Benefits paid to participants$231,782
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 165 accts · $194K emplr
2023$3.6M · 138 accts · $173K emplr
2022$2.7M · 140 accts · $175K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,368
Total administrative$28,068
Employer contributions to the Dream Charter School plan · 2024
Employer contribution per active participant$644
Median for plans this size$1,313
2024$644 per active participant
2023$550 per active participant
2022$830 per active participant

Dream Charter School's 2024 employer contribution ran below the $1,313 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 · 20241
WELLS FARGO CLEARING SERVICES, LLCindirect comp

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$28,068 · 0.70%
2023$22,007 · 0.70%
2022$19,336 · 0.66%
Similar plansEducational Services · New York
Knox School NY$4.8M · 0.00%
Private Prep Nyc LLC NY$4.8M · 0.87%
Ai Holdings, Inc. NY$4.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261841386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.