Plan Ledger DOL Form 5500 · updated monthly

South Buffalo Charter School403(b)

SOUTH BUFFALO CHARTER SCHOOL 403(B) PLAN · BUFFALO, NY · plan year 2022

Reported admin expense ratio · 2022
1.24%

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

South Buffalo Charter School reported $15,365 in plan administrative expenses for 2022: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $182 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (5,273rd of 5,648), and 2,940th of 3,091 in educational services. In 2022, employees put in $2.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,292,160
Participants with balances54
Active participants206
Employer contributions$37,422
Employee contributions$97,907
Employer contribution per active participant$182
Average account balance$23,929
Benefits paid to participants$186,751
Plan auditUnmodified (clean) audit opinion
AuditorLUMSDEN & MC CORMICK, LLP
The South Buffalo Charter School 401(k) match · 2022
Employer contribution per active participant$182
Median for plans this size$1,114

South Buffalo Charter School's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$15,365 · 1.24%
Similar plansEducational Services · New York
Saint Colman's Home, Inc. NY$1.0M · 0.95%
Kulanu Academy NY$992K · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161586423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.