Plan Ledger DOL Form 5500 · updated monthly

The New York Preparatory401(k)

THE NEW YORK PREPARATORY 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

The New York Preparatory reported $81,174 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $2,386 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 3 years on file its reported administrative ratio has held roughly steady near 0.39%. 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 the 2,360th-largest of 5,648 plans among New York employers on file, and the 1,524th of 3,091 in educational services. In 2024, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,168,028
Participants with balances356
Active participants286
Employer contributions$682,488
Employee contributions$1,730,250
Employer contribution per active participant$2,386
Average account balance$62,270
Benefits paid to participants$2,230,981
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 356 accts · $682K emplr
2023$19.5M · 351 accts · $631K emplr
2022$16.7M · 336 accts · $525K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,004
Investment management$39,220
Trustee / custodial$860
Total administrative$81,174
The The New York Preparatory 401(k) match · 2024
Employer contribution per active participant$2,386
Median for plans this size$2,416
2024$2,386 per active participant
2023$2,247 per active participant
2022$1,867 per active participant

The New York Preparatory's 2024 employer contribution ran below 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 · 20242
PAYCHEX, INC. · Recordkeeping$41,264
LEVELIZED COMPENSATION ADVISOR · Investment advisory (plan)$39,220

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

Recordkeeper by year2
2024Paychex
2023LEVELIZED COMPENSATION ADVISOR, Paychex

This plan has changed recordkeepers within these filings. If you left The New York Preparatory 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$81,174 · 0.39%
2023$69,613 · 0.38%
2022$64,037 · 0.38%
Same employer
Similar plansEducational Services · New York
Icahn Charter School 1 NY$21.9M · 0.19%
St. Luke's School NY$21.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131100880 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.