Plan Ledger DOL Form 5500 · updated monthly

Roosevelt Children's Academy Charter School401(k)

ROOSEVELT CHILDREN'S ACADEMY CHARTER SCHOOL 401(K) PLAN · ROOSEVELT, NY · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Roosevelt Children's Academy Charter School reported $29,558 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $1,105 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 0.07% to 0.72%. 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 (4,607th of 5,648), and 2,579th of 3,091 in educational services. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,378,201
Participants with balances73
Active participants129
Employer contributions$142,513
Employee contributions$297,597
Employer contribution per active participant$1,105
Average account balance$59,975
Benefits paid to participants$360,409
Plan auditUnmodified (clean) audit opinion
AuditorREID CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 73 accts · $143K emplr
2023$3.8M · 68 accts · $146K emplr
2022$3.6M · 84 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,941
Investment management$617
Total administrative$29,558
The Roosevelt Children's Academy Charter School 401(k) match · 2024
Employer contribution per active participant$1,105
Median for plans this size$1,313
2024$1,105 per active participant
2023$1,166 per active participant
2022$1,202 per active participant

Roosevelt Children's Academy Charter School'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
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$25,913
WILSHIRE ASSOCIATES INC. · Named fiduciary$617

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$29,558 · 0.72%
2023$13,691 · 0.37%
2022$2,572 · 0.07%
Similar plansEducational Services · New York
Private Prep Nyc LLC NY$4.8M · 0.87%
Dream Charter School NY$4.5M · 0.70%
Ai Holdings, Inc. NY$4.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134119998 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.