Plan Snapshot
- Plan Sponsor: Brighter Choice Charter Schools
- Sponsor EIN: 141830897
- Sponsor Address: 250 CENTRAL AVE, ALBANY, NY, 12206
- Plan Type: 401(k)
- Total Participants: 71
- Total Assets: $3.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 71 | $3.9M | $0 | $0 |
| 2023 | 81 | $3.7M | $0 | $0 |
| 2020 | 83 | $2.8M | $0 | $0 |
| 2019 | 78 | $2.6M | $0 | $0 |
| 2018 | 77 | $2.4M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CUSACK & COMPANY CPAS LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $38,118 | — | $38,118 | — | — |
| 2023 | $2,678 | — | $2,678 | — | — |
| 2020 | $3,158 | — | $3,158 | — | — |
| 2019 | $3,502 | — | $3,502 | — | — |
| 2018 | $3,587 | — | $3,587 | — | — |