Plan Ledger DOL Form 5500 · updated monthly

Channing House403(b)

CHANNING HOUSE 403(B) PLAN · PALO ALTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Channing House reported $60,973 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,138 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 0.79% to 0.90%. 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 California (6,340th of 9,483), and 6,879th of 11,911 in health care & social assistance. In 2024, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,985,957
Participants with balances164
Active participants180
Employer contributions$204,925
Employee contributions$633,028
Employer contribution per active participant$1,138
Average account balance$42,597
Benefits paid to participants$1,097,848
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 164 accts · $205K emplr
2023$6.6M · 173 accts · $393K emplr
2022$5.2M · 147 accts · $335K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,550
Investment management$28,423
Total administrative$60,973
The Channing House 401(k) match · 2024
Employer contribution per active participant$1,138
Median for plans this size$1,313
2024$1,138 per active participant
2023$2,341 per active participant
2022$1,980 per active participant

Channing House's 2024 employer contribution ran below 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 · 20243
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$18,792
EMPOWER ADVISORY GROUP, LLC · Investment management$9,631

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

Administrative cost history3
2024$60,973 · 0.90%
2023$48,740 · 0.83%
2022$44,442 · 0.79%
Same employer
Similar plansHealth Care & Social Assistance · California
Cap Diagnostics LLC CA$7.0M · 0.44%
Amen Clinics, Inc. CA$7.0M · 0.04%
Predicine, Inc. CA$6.9M · 0.36%
Mfi Recovery Center CA$6.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941485533 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.