Plan Ledger DOL Form 5500 · updated monthly

Public Preparatory Network, Inc.403(b)

PUBLIC PREPARATORY NETWORK, INC. 403(B) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Public Preparatory Network, Inc. reported $47,283 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $3,118 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 0.43% to 0.35%. 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 (3,094th of 5,648), and 1,865th of 3,091 in educational services. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has shrunk from 339 to 87 since 2022.

Plan summary
Net assets, end of year$13,869,138
Participants with balances204
Active participants87
Employer contributions$271,237
Employee contributions$509,063
Employer contribution per active participant$3,118
Average account balance$67,986
Benefits paid to participants$1,617,402
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR, & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 204 accts · $271K emplr
2023$13.0M · 218 accts · $350K emplr
2022$11.7M · 246 accts · $513K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,919
Investment management$30,364
Total administrative$47,283
Employer contributions to the Public Preparatory Network, Inc. plan · 2024
Employer contribution per active participant$3,118
Median for plans this size$2,416
2024$3,118 per active participant
2023$974 per active participant
2022$1,514 per active participant

Public Preparatory Network, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$16,919
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$5,300
OSAIC WEALTH INC. · Investment advisory (plan)$25,064

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS, INC, Vanguard
2023CPI QUALIFIED PLAN CONSULTANTS, INC

This plan has changed recordkeepers within these filings. If you left Public Preparatory Network, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,283 · 0.35%
2023$44,576 · 0.36%
2022$46,705 · 0.43%
Same employer
Similar plansEducational Services · New York
Canisius High School NY$14.4M · 0.06%
Integrative Nutrition, LLC NY$14.3M · 0.16%
Edukids, Inc. NY$14.1M · 0.72%
The Academy Charter School NY$14.1M · 0.71%
Integration Charter Schools NY$13.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264646416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.