Plan Ledger DOL Form 5500 · updated monthly

Edukids, Inc.401(k)

BRIGHTPATH 401(K) PLAN · WEST SENECA, NY · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Edukids, Inc. reported $85,888 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $182 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 0.87% to 0.72%. 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 (3,058th of 5,648), and 1,852nd of 3,091 in educational services. In 2024, employees put in $2.44 for every $1.00 the employer contributed; active participation has grown from 937 to 2,614 since 2022.

Plan summary
Net assets, end of year$14,137,705
Participants with balances557
Active participants2,614
Employer contributions$475,210
Employee contributions$1,157,422
Employer contribution per active participant$182
Average account balance$25,382
Benefits paid to participants$614,567
Plan auditUnmodified (clean) audit opinion
AuditorBONDADIO & CO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 557 accts · $475K emplr
2023$9.8M · 350 accts · $319K emplr
2022$4.9M · 253 accts · $230K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,913
Investment management$33,975
Total administrative$85,888
The Edukids, Inc. 401(k) match · 2024
Employer contribution per active participant$182
Median for plans this size$2,416
2024$182 per active participant
2023$213 per active participant
2022$245 per active participant

Edukids, 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$51,913
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$33,975

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$85,888 · 0.72%
2023$47,251 · 0.64%
2022$31,239 · 0.87%
Same employer
Similar plansEducational Services · New York
Zearn NY$14.4M · 0.09%
Canisius High School NY$14.4M · 0.06%
Integrative Nutrition, LLC NY$14.3M · 0.16%
The Academy Charter School NY$14.1M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161381062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.