Plan Ledger DOL Form 5500 · updated monthly

The Villages Charter School, Inc.401(k)

THE VILLAGES CHARTER SCHOOL, INC EMPLOYEES SAVINGS PLAN · THE VILLAGES, FL · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

The Villages Charter School, Inc. reported $31,544 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,495 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 0.19% to 0.10%. 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 746th-largest of 3,644 plans among Florida employers on file, and the 1,204th of 3,091 in educational services. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 358 to 906 since 2022.

Plan summary
Net assets, end of year$33,551,553
Participants with balances968
Active participants906
Employer contributions$1,354,424
Employee contributions$2,137,270
Employer contribution per active participant$1,495
Average account balance$34,661
Benefits paid to participants$2,221,767
Plan auditUnmodified (clean) audit opinion
AuditorPURVIS, GRAY & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.6M · 968 accts · $1.4M emplr
2023$27.5M · 788 accts · $993K emplr
2022$22.0M · 462 accts · $815K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,544
Total administrative$31,544
The The Villages Charter School, Inc. 401(k) match · 2024
Employer contribution per active participant$1,495
Median for plans this size$2,416
2024$1,495 per active participant
2023$1,261 per active participant
2022$2,277 per active participant

The Villages Charter School, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$71,030

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$31,544 · 0.10%
2023$49,628 · 0.20%
2022$46,258 · 0.19%
Same employer
Similar plansEducational Services · Florida
Palm Beach Day Academy FL$36.2M · 0.17%
Avenues New York, LLC FL$34.3M · 0.32%
British School of America FL$31.1M · 0.19%
Bisk Education, Inc. FL$30.0M · 0.11%
Community School of Naples FL$28.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593597803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.