Plan Ledger DOL Form 5500 · updated monthly

Meridian Public Charter School401(k)

MERIDIAN PUBLIC CHARTER SCHOOL 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Meridian Public Charter School reported $26,121 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $2,739 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 0.37% to 0.58%. 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 District of Columbia (519th of 618), and 2,513th of 3,091 in educational services. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has shrunk from 128 to 112 since 2022.

Plan summary
Net assets, end of year$5,015,849
Participants with balances130
Active participants112
Employer contributions$306,740
Employee contributions$446,135
Employer contribution per active participant$2,739
Average account balance$38,583
Benefits paid to participants$399,142
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 130 accts · $307K emplr
2023$4.0M · 135 accts · $307K emplr
2022$3.1M · 124 accts · $264K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,204
Investment management$17,917
Total administrative$26,121
The Meridian Public Charter School 401(k) match · 2024
Employer contribution per active participant$2,739
Median for plans this size$1,313
2024$2,739 per active participant
2023$2,603 per active participant
2022$2,063 per active participant

Meridian Public Charter 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
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$16,795
ADP, INC. · Loan processing · Recordkeeping$9,325
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$26,121 · 0.58%
2023$20,338 · 0.57%
2022$10,554 · 0.37%
Same employer
Similar plansEducational Services · District of Columbia
Strategix Management LLC DC$6.8M · 0.54%
Cultural Vistas, Inc. DC$4.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522131742 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.