# Brighter Choice Charter Schools 401(k) Plan
Source: https://planprovider.pro/companies/brighter-choice-charter-schools-401k-plan

> Brighter Choice Charter Schools&#39;s 401(k) plan: 71 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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