Plan Snapshot
- Plan Sponsor: Grand Concourse Academy Charte
- Sponsor EIN: 830396763
- Sponsor Address: 625 BOLTON AVE, BRONX, NY, 104732903
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $7.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 95 | $7.4M | $367,116 | $609,398 |
| 2023 | 100 | $6.1M | $341,744 | $499,228 |
| 2022 | 89 | $5.3M | $275,379 | $384,004 |
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 |
|---|---|---|---|---|
| NCHENG LLP | 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 | $17,334 | $660 | $15,814 | — | — |
| 2023 | $13,083 | $423 | $12,660 | — | — |
| 2022 | $10,734 | — | $10,734 | — | — |