Plan Ledger DOL Form 5500 · updated monthly

Growing Up Green Charter Schools401(k)

GROWING UP GREEN CHARTER SCHOOLS 401(K) RETIREMENT PLAN · LONG ISLAND CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Growing Up Green Charter Schools reported $63,182 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $1,251 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 0.06% to 0.75%. 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 (3,744th of 5,648), and 2,177th of 3,091 in educational services. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,104,344
Participants with balances239
Active participants248
Employer contributions$310,164
Employee contributions$736,266
Employer contribution per active participant$1,251
Average account balance$38,093
Benefits paid to participants$830,029
Plan auditUnmodified (clean) audit opinion
AuditorCERINI & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 239 accts · $310K emplr
2023$7.7M · 266 accts · $234K emplr
2022$7.2M · 313 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,182
Total administrative$63,182
The Growing Up Green Charter Schools 401(k) match · 2024
Employer contribution per active participant$1,251
Median for plans this size$1,313
2024$1,251 per active participant
2023$886 per active participant
2022$653 per active participant

Growing Up Green Charter Schools's 2024 employer contribution ran below 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 · 20242
MAGII PENSION SERVICES · Contract administrator$68,025
CAPITAL GROUP RETIREMENT PLAN SERVI$2,313

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$63,182 · 0.75%
2023$25,656 · 0.34%
2022$3,850 · 0.06%
Same employer
Similar plansEducational Services · New York
The Posse Foundation NY$9.2M · 0.06%
Scope Education Services NY$8.8M · 0.05%
Alcott School NY$8.7M · 1.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810991132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.