What are the fees in the Victory College Prep 401(K) Plan 401(k) plan?

For plan year 2022, Victory College Prep 401(K) Plan reported $14,223 in plan administrative expenses, or 0.80% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the Victory College Prep 401(K) Plan 401(k) match?

In 2022, employer contributions to the Victory College Prep 401(K) Plan plan averaged $1,792 per active participant, above the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Victory College Prep 401(K) Plan 401(k)?

The average participant account balance was $20,150 for plan year 2022, based on 100 accounts.

Victory College Prep 401(K) Plan401(k)

Name: Victory College Prep 401(K) Plan 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LIGHTHOUSE ACADEMIES OF INDIANA, INC. DBA VICTORY COLLEGE PREP · INDIANAPOLIS, IN · plan year 2022

Reported admin expense ratio · 2022

0.80%

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

Victory College Prep 401(K) Plan reported $14,223 in plan administrative expenses for 2022: 0.80% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,792 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 Indiana (1,395th of 1,562), and 2,857th of 3,091 in educational services. In 2022, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,014,960
Participants with balances100
Active participants106
Employer contributions$189,913
Employee contributions$259,694
Employer contribution per active participant$1,792
Average account balance$20,150
Benefits paid to participants$210,164
Plan auditUnmodified (clean) audit opinion
AuditorLONG & ASSOCIATES PC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$14,223

Total administrative$14,223

The Victory College Prep 401(K) Plan 401(k) match · 2022

Employer contribution per active participant$1,792

Median for plans this size$1,114

Victory College Prep 401(K) Plan's 2022 employer contribution ran above the $1,114 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

Your balance

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$14,223 · 0.80%

Similar plansEducational Services · Indiana
The Oaks Academy, Inc. IN$5.0M · 0.13%
Little Star Center, Inc. IN$3.9M · 0.11%
Salem University, LLC IN$2.5M · 0.19%
Northwest Indiana Lighthouse Charter School IN$2.3M · 0.65%
Edblox, Inc. IL$2.1M · 0.10%
Constellations Behavioral Holdings, Inc. NH$2.0M · 1.17%
Best Sales and Support, LLC PA$2.0M · 0.37%
Communities in Schools of El Paso, Inc. TX$2.0M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200951240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.