Plan Snapshot
- Plan Sponsor: New World Preparatory Charter School
- Sponsor EIN: 272013987
- Sponsor Address: 337 MORNINGSTAR RD, STATEN ISLAND, NY, 10303
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 118
- Total Assets: $3.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 118 | $3.8M | $186,241 | $278,608 |
| 2023 | 147 | $3.4M | $187,725 | $298,483 |
| 2022 | 132 | $2.7M | $178,150 | $281,998 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP | Recordkeeper | $12,760 | — | $12,760 |
| LPL FINANCIAL RPCP | Investment Advisor | $10,423 | — | $10,423 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,183
- Estimated Expense Ratio: 0.609% 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 | $22,569 | $10,423 | $1,710 | — | — |
| 2023 | $19,421 | $8,397 | $1,950 | — | — |
| 2022 | $18,168 | $7,611 | $9,117 | — | — |