Plan Ledger DOL Form 5500 · updated monthly

Explore Charter Schools of Brooklyn403(b)

EXPLORE CHARTER SCHOOLS OF BROOKLYN 403(B) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Explore Charter Schools of Brooklyn reported $43,004 in plan administrative expenses for 2024: 0.47% of average plan assets, below the peer median. Employer contributions averaged $1,473 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 3 years on file its reported administrative ratio has held roughly steady near 0.47%. 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 (3,643rd of 5,648), and 2,135th of 3,091 in educational services. In 2024, employees put in $2.43 for every $1.00 the employer contributed; active participation has shrunk from 239 to 208 since 2022.

Plan summary
Net assets, end of year$9,750,111
Participants with balances411
Active participants208
Employer contributions$306,446
Employee contributions$743,415
Employer contribution per active participant$1,473
Average account balance$23,723
Benefits paid to participants$921,604
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 411 accts · $306K emplr
2023$8.5M · 373 accts · $305K emplr
2022$7.2M · 337 accts · $311K emplr
Employer contributions to the Explore Charter Schools of Brooklyn plan · 2024
Employer contribution per active participant$1,473
Median for plans this size$1,313
2024$1,473 per active participant
2023$1,192 per active participant
2022$1,302 per active participant

Explore Charter Schools of Brooklyn'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
EMPOWER ADVISORY GROUP, LLC · Investment management$8,909
UNITED BENEFIT PENSIONS INC · Contract administrator$4,050
OSAIC WEALTH INCindirect 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$43,004 · 0.47%
2023$39,396 · 0.50%
2022$31,635 · 0.48%
Similar plansEducational Services · New York
The Child School NY$9.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134124616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.