Plan Ledger DOL Form 5500 · updated monthly

Manhattan Charter School403(b)

MANHATTAN CHARTER SCHOOL 403(B) RETIREMENT PLAN · NEW YORK, NY · plan year 2022

Reported admin expense ratio · 2022
0.03%

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

Manhattan Charter School reported $1,310 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,502 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (4,739th of 5,648), and 2,644th of 3,091 in educational services. In 2022, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,704,354
Participants with balances73
Active participants62
Employer contributions$93,134
Employee contributions$201,590
Employer contribution per active participant$1,502
Average account balance$50,745
Benefits paid to participants$376,638
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,310
Total administrative$1,310
Employer contributions to the Manhattan Charter School plan · 2022
Employer contribution per active participant$1,502
Median for plans this size$1,114

Manhattan Charter School's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$1,310 · 0.03%
Similar plansEducational Services · New York
Jowonio School NY$4.0M · 0.28%
School Intermediate LLC NY$3.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453532329 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.