Plan Ledger DOL Form 5500 · updated monthly

Math, Engineering, and Science Academy (Mesa) Charter High School401(k)

MESA CHARTER SCHOOL 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Math, Engineering, and Science Academy (Mesa) Charter High School reported $39,984 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $2,856 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 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (4,284th of 5,648), and 2,425th of 3,091 in educational services. In 2024, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,020,089
Participants with balances128
Active participants93
Employer contributions$265,582
Employee contributions$575,291
Employer contribution per active participant$2,856
Average account balance$47,032
Benefits paid to participants$264,882
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,984
Total administrative$39,984
The Math, Engineering, and Science Academy (Mesa) Charter High School 401(k) match · 2024
Employer contribution per active participant$2,856
Median for plans this size$1,313

Math, Engineering, and Science Academy (Mesa) Charter High School's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,184
S B H U LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history1
2024$39,984 · 0.74%
Similar plansEducational Services · New York
Girls Who Code, Inc NY$6.3M · 0.18%
Police Athletic League NY$6.2M · 0.03%
Harlem Rbi NY$6.1M · 0.54%
Metschools, LLC NY$5.7M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320395324 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.