Plan Snapshot
- Plan Sponsor: Sponsors For Educational Opportunity
- Sponsor EIN: 132578670
- Sponsor Address: 55 EXCHANGE PLACE, SUITE 601, NEW YORK, NY, 100053301
- Plan Type: 403(b)
- Total Participants: 247
- Total Assets: $19.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 247 | $19.6M | $902,311 | $1.4M |
| 2023 | 281 | $15.7M | $781,198 | $1.2M |
| 2022 | 253 | $12.9M | $595,242 | $1.1M |
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 |
|---|---|---|---|---|
| BDO USA, P.C. | Auditor | $881 | — | $881 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $881
- Estimated Expense Ratio: 0.005% 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 | $19,922 | — | $19,041 | $881 | — |
| 2023 | $11,400 | — | $10,767 | $633 | — |
| 2022 | $4,935 | — | $4,580 | — | — |