Brighter Choice Charter School 403(b) match, vesting and fees
What Brighter Choice Charter School's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Mutual of America | Schedule C ↗ |
| Independent auditor | Cusack & Company Cpas LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,134 defined-contribution plans in educational services with 100 to 499 participants.
| Brighter Choice Charter School: employer contribution per participant | $2,220 | |
| Peer median | $1,684 |
| Brighter Choice Charter School: average balance | $33,547 | |
| Peer median | $62,952 |
| Brighter Choice Charter School: admin expenses ÷ assets | 0.86% | |
| Peer median | 0.17% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $3.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 103 | $3.4M | $226K | $2,220 | 0.86% | Not published | Form 5500 ↗ |
Common questions
Does Brighter Choice Charter School match 401(k) contributions?
The match terms for the Brighter Choice Charter Schools 403(b) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $226K in employer contributions, about $2,220 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Brighter Choice Charter School 401(k) match vested?
The vesting schedule for the Brighter Choice Charter Schools 403(b) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Brighter Choice Charter School 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Mutual of America. The plan administrator is Brighter Choice Charter School.
I left Brighter Choice Charter School. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Brighter Choice Charter School, (518) 694-8200) or the recordkeeper, Mutual of America. The Brighter Choice Charter School old 401(k) page lists the contacts from every plan filing. Find an old Brighter Choice Charter School 401(k)
Data from the public Form 5500 annual reports Brighter Choice Charter School filed with the U.S. Department of Labor (plan years 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Brighter Choice Charter School. Not financial advice. Report a correction · Methodology