Retirement plan

BRONX CHARTER SCHOOL FOR BETTER LEARNING

Name: BRONX CHARTER SCHOOL FOR BETTER LEARNING - BRONX CHARTER SCHOOL FOR BETTER LEARNING (2025) Form 5500
Creator: BRONX CHARTER SCHOOL FOR BETTER LEARNING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRONX CHARTER SCHOOL FOR BETTER LEARNING, BRONX CHARTER SCHOOL FOR BETTER LEARNING

BRONX CHARTER SCHOOL FOR BETTER LEARNINGEIN 26-0061118Plan #003PY 2025

3740 BAYCHESTER AVENUE-ANNEX - BRONX, NY 10466718-655-6660bronxbetterlearning.orgLinkedIn51-200 employeeseducation management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$7.8M

+11.8% from 2024

Total participants

215

-8.5% from 2024

Average account balance

$39,271

+13.0% from 2024

Annual return

11.38%

+0.80 pp from 2024

Benchmarks

See 499 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort499 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.81M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$39K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

199

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$871K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.38%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$397

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PLAN MEMBER SECURITIES CORP7 years Service code 27 · EIN 95-3706234	Advisory (Plan)	$70,105
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754	Recordkeeping	$8,849

Plan features & details

Pension benefit codes2M3D2G2F2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$79K

$541 / participant

Investment mgmt$70K88.8%
Contract admin$9K11.2%

% of EOY assets

1.010%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MENGEL, METZGER, BARR & CO. LLP
Auditor EIN: 161092347
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,271

$65,072-39.6%

$66,439-40.9%

$65,306-39.9%

Participation rate

89.0%

69.1%+20.0pp

74.5%+14.5pp

57.7%+31.4pp

Annual return

11.38%

21.50%-10.1pp

757.66%-746.3pp

21.94%-10.6pp

Employer contribution / active EE

$2,329

$2,475-5.9%

$2,637-11.7%

$1,967+18.4%

Participant deferral / active EE

$3,636

$3,234+12.4%

$3,876-6.2%

$2,959+22.9%

Admin fee / account holder

$397

$1,323-70.0%

$6,173-93.6%

$3,480-88.6%

Provider

Service type

Compensation

PLAN MEMBER SECURITIES CORP7 years

Service code 27 · EIN 95-3706234

Advisory (Plan)

$70,105

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

Recordkeeping

$8,849

BRONX CHARTER SCHOOL FOR BETTER LEARNING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRONX CHARTER SCHOOL FOR BETTER LEARNING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion