Plan Ledger DOL Form 5500 · updated monthly

The Equity Project Charter School403(b)

THE EQUITY PROJECT CHARTER SCHOOL 403(B)DEFERRED COMPENSATION PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

The Equity Project Charter School reported $4,053 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,962 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 0.07% to 0.04%. 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 (3,656th of 5,648), and 2,147th of 3,091 in educational services. In 2024, employees put in $3.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,657,810
Participants with balances144
Active participants122
Employer contributions$239,319
Employee contributions$754,107
Employer contribution per active participant$1,962
Average account balance$67,068
Benefits paid to participants$1,600,830
Plan auditUnmodified (clean) audit opinion
AuditorCRAIG FITZSIMMONS & MEYER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 144 accts · $239K emplr
2023$9.1M · 148 accts · $288K emplr
2022$7.1M · 136 accts · $256K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,053
Total administrative$4,053
Employer contributions to the The Equity Project Charter School plan · 2024
Employer contribution per active participant$1,962
Median for plans this size$1,313
2024$1,962 per active participant
2023$2,398 per active participant
2022$2,189 per active participant

The Equity Project Charter School's 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,053
MORGAN STANLEY · Other servicesindirect comp

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

Administrative cost history3
2024$4,053 · 0.04%
2023$3,989 · 0.05%
2022$4,544 · 0.07%
Same employer
Similar plansEducational Services · New York
The Posse Foundation NY$9.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900354470 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.