Plan Ledger DOL Form 5500 · updated monthly

Arc of Southington403(b)

ARC OF SOUTHINGTON 403(B) PLAN · PLANTSVILLE, CT · plan year 2024

Reported admin expense ratio · 2024
1.39%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Arc of Southington reported $20,241 in plan administrative expenses for 2024: 1.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,909 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 1.00% to 1.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (1,050th of 1,106), and 10,374th of 11,911 in health care & social assistance. In 2024, the employer put in $1.30 for every $1.00 employees contributed themselves; active participation has shrunk from 117 to 98 since 2022.

Plan summary
Net assets, end of year$1,611,018
Participants with balances144
Active participants98
Employer contributions$187,060
Employee contributions$144,243
Employer contribution per active participant$1,909
Average account balance$11,188
Benefits paid to participants$183,192
Plan auditUnmodified (clean) audit opinion
AuditorGUILMARTIN, DIPIRO & SOKOLOWSKI
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 144 accts · $187K emplr
2023$1.3M · 95 accts · $175K emplr
2022$916K · 126 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,237
Trustee / custodial$7,004
Total administrative$20,241
Employer contributions to the Arc of Southington plan · 2024
Employer contribution per active participant$1,909
Median for plans this size$1,313
2024$1,909 per active participant
2023$1,924 per active participant
2022$841 per active participant

Arc of Southington's 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
AMERITAS LIFE INS CO. OF NY · Contract administrator · Recordkeeping$9,838

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$20,241 · 1.39%
2023$21,415 · 1.92%
2022$9,191 · 1.00%
Similar plansHealth Care & Social Assistance · Connecticut
Pursuecare LLC CT$1.8M · 0.46%
Lm & M Enterprises, Inc. CT$1.7M · 0.24%
March, Inc. of Manchester CT$1.5M · 0.45%
Columbia Dental, P.C. CT$1.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060983817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.