Plan Ledger DOL Form 5500 · updated monthly

Kipp Capital Region Public Schools403(b)

KIPP CAPITAL REGION PUBLIC SCHOOLS 403(B) PLAN · ALBANY, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Kipp Capital Region Public Schools reported $54,186 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,710 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 0.35% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (3,254th of 5,648), and 1,939th of 3,091 in educational services. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,525,219
Participants with balances328
Active participants335
Employer contributions$572,744
Employee contributions$912,702
Employer contribution per active participant$1,710
Average account balance$38,187
Benefits paid to participants$1,264,262
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR AND CO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 328 accts · $573K emplr
2023$11.0M · 335 accts · $933K emplr
2022$8.2M · 332 accts · $793K emplr
Employer contributions to the Kipp Capital Region Public Schools plan · 2024
Employer contribution per active participant$1,710
Median for plans this size$2,416
2024$1,710 per active participant
2023$2,680 per active participant
2022$2,286 per active participant

Kipp Capital Region Public Schools's 2024 employer contribution ran below the $2,416 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
KESTRA ADVISORY SERVICES · Investment advisory (plan)$33,925

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$54,186 · 0.46%
2023$38,599 · 0.40%
2022$24,703 · 0.35%
Similar plansEducational Services · New York
Integration Charter Schools NY$13.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201347748 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.