# The New York Preparatory 401(k) Plan
Source: https://planprovider.pro/companies/the-new-york-preparatory-401k-plan

> The New York Preparatory's 401(k) plan: 286 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/paychex) — 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|—|—|

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