Plan Snapshot
- Plan Sponsor: Pave Academy Charter School
- Sponsor EIN: 262272858
- Sponsor Address: 732 HENRY STREET, BROOKLYN, NY, 11231
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 70
- Total Assets: $2.9M
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 | 70 | $2.9M | $37,623 | $220,799 |
| 2023 | 72 | $2.7M | $46,116 | $170,592 |
| 2022 | 46 | $2.4M | $61,611 | $206,972 |
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 |
|---|---|---|---|---|
| PKF O'CONNOR DAVIES 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 | $3,169 | — | — | — | — |
| 2023 | $895 | — | — | — | — |
| 2022 | $840 | — | — | — | — |