Plan Ledger DOL Form 5500 · updated monthly

Kipp Bay Area Schools401(k)

KIPP BAY AREA SCHOOLS 401(K) PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Kipp Bay Area Schools reported $247,081 in plan administrative expenses for 2024: 0.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,381 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 0.63% to 0.41%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 1,365th-largest of 9,483 plans among California employers on file, and the 731st of 3,091 in educational services. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 717 to 872 since 2022.

Plan summary
Net assets, end of year$67,259,604
Participants with balances1,476
Active participants872
Employer contributions$2,948,510
Employee contributions$5,405,522
Employer contribution per active participant$3,381
Average account balance$45,569
Benefits paid to participants$3,483,976
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$67.3M · 1,476 accts · $2.9M emplr
2023$53.2M · 1,330 accts · $2.7M emplr
2022$42.1M · 1,320 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$161,006
Investment management$52,500
Audit (IQPA)$19,305
Total administrative$247,081
The Kipp Bay Area Schools 401(k) match · 2024
Employer contribution per active participant$3,381
Median for plans this size$3,635
2024$3,381 per active participant
2023$3,475 per active participant
2022$3,589 per active participant

Kipp Bay Area Schools's 2024 employer contribution ran below the $3,635 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 · 20245
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$52,500
CARLSON QUINN AND ASSOCIATES · Contract administrator$20,000
SILICON VALLEY ACCOUNTANCY CORP. · Accounting / audit$19,305
COLONIAL SURETY AGENCY, LLC$14,270

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$247,081 · 0.41%
2023$213,631 · 0.45%
2022$232,226 · 0.63%
Same employer
Similar plansEducational Services · California
The Bishop's School CA$79.1M · 0.12%
The Harker School CA$73.3M · 0.22%
Marin Country Day School CA$65.3M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205010766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.