# New World Preparatory Charter School 401(k) Plan
Source: https://planprovider.pro/companies/new-world-preparatory-charter-school-plan

> New World Preparatory Charter School's 401(k) plan: 118 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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)

- **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|

| 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|$22,569|$10,423|$1,710|—|—|

| 2023|$19,421|$8,397|$1,950|—|—|

| 2022|$18,168|$7,611|$9,117|—|—|

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