Plan Ledger DOL Form 5500 · updated monthly

Grand Concourse Academy Charte401(k)

GRAND CONCOURSE ACADEMY CHARTE 401(K) PROFIT SHARING PLAN & TRUST · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Grand Concourse Academy Charte reported $17,334 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,864 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 0.20% to 0.26%. 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 (4,021st of 5,648), and 2,306th of 3,091 in educational services. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,359,616
Participants with balances110
Active participants95
Employer contributions$367,116
Employee contributions$609,398
Employer contribution per active participant$3,864
Average account balance$66,906
Benefits paid to participants$350,855
Plan auditUnmodified (clean) audit opinion
AuditorNCHENG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 110 accts · $367K emplr
2023$6.1M · 107 accts · $342K emplr
2022$5.3M · 101 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,814
Investment management$660
Trustee / custodial$860
Total administrative$17,334
The Grand Concourse Academy Charte 401(k) match · 2024
Employer contribution per active participant$3,864
Median for plans this size$1,313
2024$3,864 per active participant
2023$3,417 per active participant
2022$3,094 per active participant

Grand Concourse Academy Charte's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
PAYCHEX, INC. · Recordkeeping$16,742

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$17,334 · 0.26%
2023$13,083 · 0.23%
2022$10,734 · 0.20%
Similar plansEducational Services · New York
A.A. World Services, Inc. NY$7.7M · 0.46%
Flatiron School LLC NY$7.6M · 0.11%
Yeshiva of Central Queens NY$7.3M · 0.12%
The Speyer Legacy School NY$7.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830396763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.