Plan Snapshot
- Plan Sponsor: Success Preparatory Academy
- Sponsor EIN: 263202807
- Sponsor Address: 4621 CANAL STREET, NEW ORLEANS, LA, 70119
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $3.2M
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 | 102 | $3.2M | $198,884 | $217,701 |
| 2023 | 123 | $2.7M | $153,829 | $204,278 |
| 2022 | 116 | $2.0M | $139,151 | $188,341 |
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 |
|---|---|---|---|---|
| ERICKSEN KRENTEL 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 | $1,970 | — | $1,970 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |