# The Academy Charter School 401(k) Plan
Source: https://planprovider.pro/companies/the-academy-charter-school-plan

> The Academy Charter School's 401(k) plan: 811 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Academy Charter School

- **Sponsor EIN:** 800353508

- **Sponsor Address:** 117 NORTH FRANKLIN STREET, HEMPSTEAD, NY, 11550

- **Plan Type:** 401(k)

- **Total Participants:** 811

- **Total Assets:** $14.1M

## 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|811|$14.1M|$986,939|$1.9M|

| 2023|587|$10.6M|$844,076|$1.6M|

| 2022|519|$7.3M|$678,323|$1.4M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$87,664|—|$87,664|

| NCHENG LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $87,664

- **Estimated Expense Ratio:** 0.622% 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|$87,664|—|—|—|—|

| 2023|$63,796|—|$63,796|—|—|

| 2022|$50,624|—|$50,624|—|—|

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