Prep for Prep403(b)
PREP FOR PREP 403 (B) DC PLAN · NEW YORK, NY · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Prep for Prep reported $9,228 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,319 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 0.03% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (2,942nd of 5,648), and 1,800th of 3,091 in educational services. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has grown from 60 to 82 since 2022.
Prep for Prep's 2024 employer contribution ran above the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 132613383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.