Plan Snapshot
- Plan Sponsor: The New York Preparatory
- Sponsor EIN: 131100880
- Sponsor Address: 18 W 89TH ST, NEW YORK, NY, 100242276
- Plan Type: 401(k)
- Total Participants: 286
- Total Assets: $22.2M
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 | 286 | $22.2M | $682,488 | $1.7M |
| 2023 | 281 | $19.5M | $631,494 | $1.6M |
| 2022 | 281 | $16.7M | $524,758 | $1.3M |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | RECORDKEEPER | $41,264 | — | $41,264 |
| LEVELIZED COMPENSATION ADVISOR | INVESTMENT ADVISORY | $39,220 | — | $39,220 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,484
- Estimated Expense Ratio: 0.363% 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 | $81,174 | $39,220 | $41,004 | — | — |
| 2023 | $69,613 | $32,532 | $33,564 | — | — |
| 2022 | $64,037 | $31,127 | $32,910 | — | — |