Plan Ledger DOL Form 5500 · updated monthly

Odyssey Charter School Inc401(k)

ODYSSEY CHARTER SCHOOL INC 401(K) PROFIT SHARING PLAN & TRUST · MELBOURNE, FL · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Odyssey Charter School Inc reported $19,771 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $1,113 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 1 year on file its reported administrative ratio rose from 0.21% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,917th of 3,644), and 1,962nd of 2,677 in transportation & warehousing. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,864,411
Participants with balances196
Active participants266
Employer contributions$296,048
Employee contributions$426,878
Employer contribution per active participant$1,113
Average account balance$14,614
Benefits paid to participants$203,281
Plan auditUnmodified (clean) audit opinion
AuditorMIKE AVERSANO CPA PC
Plan history2
Yearassets · accounts · employer contribution
2024$2.9M · 196 accts · $296K emplr
2023$2.0M · 189 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,254
Investment management$9,657
Trustee / custodial$860
Total administrative$19,771
The Odyssey Charter School Inc 401(k) match · 2024
Employer contribution per active participant$1,113
Median for plans this size$1,313
2024$1,113 per active participant
2023$204 per active participant

Odyssey Charter School Inc's 2024 employer contribution ran below 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 · 20242
PAYCHEX, INC. · Recordkeeping$6,863
DELTA CAPITAL MANAGEMENT LLC · Investment advisory (participants)$8,914

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

Administrative cost history2
2024$19,771 · 0.80%
2023$4,397 · 0.21%
All plans at this employer2
ODYSSEY CHARTER SCHOOL, INC. 401(K) PROFIT SHARING PLAN AND TRUST401(k)
ODYSSEY CHARTER SCHOOL INC 401(K) PROFIT SHARING PLAN & TRUST401(k)
Similar plansTransportation & Warehousing · Florida
Pharmalink, Inc. FL$3.2M · 1.21%
B&L Service, Inc. FL$3.2M · 0.04%
Magaya Corporation FL$3.2M · 0.70%
Laparkan Trading, LTD FL$2.8M · 0.70%
Bynum Transport, Inc. FL$2.3M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593579304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.