Plan Ledger DOL Form 5500 · updated monthly

Mott Haven Academy Charter School401(k)

MOTT HAVEN ACADEMY CHARTER SCHOOL 401(K) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Mott Haven Academy Charter School reported $2,282 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,077 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 0.07% to 0.03%. 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 (4,011th of 5,648), and 2,296th of 3,091 in educational services. In 2024, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,451,587
Participants with balances108
Active participants92
Employer contributions$191,127
Employee contributions$322,641
Employer contribution per active participant$2,077
Average account balance$68,996
Benefits paid to participants$357,046
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 108 accts · $191K emplr
2023$6.3M · 104 accts · $171K emplr
2022$5.2M · 107 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,120
Investment management$12
Total administrative$2,282
The Mott Haven Academy Charter School 401(k) match · 2024
Employer contribution per active participant$2,077
Median for plans this size$1,313
2024$2,077 per active participant
2023$1,697 per active participant
2022$1,833 per active participant

Mott Haven Academy Charter School's 2024 employer contribution ran above the $1,313 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 · 20241
VOYA RETIREMENT INSURANCE & ANNUITY · Contract administratorindirect comp

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$2,282 · 0.03%
2023$3,130 · 0.05%
2022$3,125 · 0.07%
Similar plansEducational Services · New York
A.A. World Services, Inc. NY$7.7M · 0.46%
Flatiron School LLC NY$7.6M · 0.11%
Yeshiva of Central Queens NY$7.3M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113833210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.