Plan Ledger DOL Form 5500 · updated monthly

Green Dot Public Schools National401(k)

GREEN DOT PUBLIC SCHOOLS 401(K) PLAN · LOS ANGELES, CA · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

Green Dot Public Schools National reported $137,657 in plan administrative expenses for 2023: 0.62% of average plan assets, higher than ~90% of peers. Employer contributions averaged $232 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 1 year on file its reported administrative ratio fell from 0.68% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is the 3,110th-largest of 9,483 plans among California employers on file, and the 1,426th of 3,091 in educational services. In 2023, employees put in $10.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,968,893
Participants with balances508
Active participants1,115
Employer contributions$259,186
Employee contributions$2,769,305
Employer contribution per active participant$232
Average account balance$49,151
Benefits paid to participants$980,911
Plan auditUnmodified (clean) audit opinion
AuditorALMICH & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $125K emplr
2023$25.0M · 508 accts · $259K emplr
2022$19.1M · 494 accts · $236K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,450
Investment management$101,804
Total administrative$137,657
The Green Dot Public Schools National 401(k) match · 2023
Employer contribution per active participant$232
Median for plans this size$2,440
2023$232 per active participant
2022$211 per active participant

Green Dot Public Schools National's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
CERITY PARTNERS RETIREMENT PLAN · Investment advisory (plan)$101,804
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,853

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

Administrative cost history3
2024Not separately reported
2023$137,657 · 0.62%
2022$133,662 · 0.68%
Same employer
Similar plansEducational Services · California
Pacific Ridge School CA$25.8M · 0.23%
The Seven Hills School CA$25.1M · 0.33%
The John Thomas Dye School CA$25.1M · 0.11%
Charles Armstrong School CA$24.4M · 0.00%
Harbor Day School CA$23.5M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465740783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.