Plan Ledger DOL Form 5500 · updated monthly

Shreveport Charter School Inc401(k)

SHREVEPORT CHARTER SCHOOL INC 401(K) PROFIT SHARING PLAN & TRUST · SHREVEPORT, LA · plan year 2023

Reported admin expense ratio · 2023
2.03%

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

Shreveport Charter School Inc reported $34,202 in plan administrative expenses for 2023: 2.03% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,248 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 fell from 2.14% to 2.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Louisiana (765th of 884), and 2,870th of 3,091 in educational services. In 2023, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,899,521
Participants with balances124
Active participants171
Employer contributions$213,443
Employee contributions$292,780
Employer contribution per active participant$1,248
Average account balance$15,319
Benefits paid to participants$285,928
Plan auditUnmodified (clean) audit opinion
AuditorPOOLER CPA GROUP LLC
Plan history2
Yearassets · accounts · employer contribution
2023$1.9M · 124 accts · $213K emplr
2022$1.5M · 139 accts · $220K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,063
Investment management$8,279
Trustee / custodial$860
Total administrative$34,202
The Shreveport Charter School Inc 401(k) match · 2023
Employer contribution per active participant$1,248
Median for plans this size$1,308
2023$1,248 per active participant
2022$1,236 per active participant

Shreveport Charter School Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PAYCHEX, INC. · Investment advisory (plan) · Recordkeeping$14,923
LEVELIZED COMPENSATION ADVISOR · Investment advisory (plan) · Recordkeeping$7,968

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

Administrative cost history2
2023$34,202 · 2.03%
2022$31,459 · 2.14%
Similar plansEducational Services · Louisiana
Unitech, Inc. LA$1.4M · 0.17%
Jefferson Rise Inc. LA$768K · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264132657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.