# Brooklyn Prospect Charter School 401(k) Plan
Source: https://planprovider.pro/companies/brooklyn-prospect-charter-school-401k-plan

> Brooklyn Prospect Charter School's 401(k) plan: 285 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Brooklyn Prospect Charter School

- **Sponsor EIN:** 263206518

- **Sponsor Address:** 397 BRIDGE ST 9TH FLOOR, BROOKLYN, NY, 11201

- **Plan Type:** 401(k)

- **Total Participants:** 285

- **Total Assets:** $18.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|285|$18.3M|$898,801|$1.6M|

| 2023|250|$15.7M|$942,413|$1.8M|

| 2022|426|$11.8M|$917,460|$1.7M|

## 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|

| EMPOWER LIFE & ANNUITY INSURANCE CO|RECORDKEEPER|$64,048|—|$64,048|

| WBG ADVISORS LLC|INVESTMENT ADVISOR|$34,376|—|$34,376|

| PKF O'CONNOR DAVIES, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PKF O'CONNOR DAVIES, LLP](https://planprovider.pro/provider/bpas) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $98,424

- **Estimated Expense Ratio:** 0.538% of plan assets

### 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|$101,954|$37,906|—|—|—|

| 2023|$77,609|$29,008|—|—|—|

| 2022|$69,928|—|$69,928|—|—|

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