Plan Snapshot
- Plan Sponsor: Friendship Public Charter School
- Sponsor EIN: 582398964
- Sponsor Address: 1400 1ST STREET, NW SUITE 300, WASHINGTON, DC, 20001
- Plan Type: 403(b)
- Total Participants: 1,418
- Total Assets: $27.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,418 | $27.8M | $989,283 | $3.0M |
| 2023 | 1,012 | $22.4M | $662,202 | $2.6M |
| 2022 | 958 | $17.4M | $535,342 | $2.1M |
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 ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $65,135 | — | $65,135 |
| OSAIC FA INC | INVESTMENT ADVISOR | $59,964 | — | $59,964 |
| MANER CONSTERISAN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANER CONSTERISAN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,099
- Estimated Expense Ratio: 0.451% 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 | $134,483 | $68,723 | — | — | — |
| 2023 | $126,532 | — | $126,532 | — | — |
| 2022 | $153,857 | $125,150 | $28,657 | — | — |