Plan Ledger DOL Form 5500 · updated monthly

Child & Family Agency of Southeastern Connecticut, Inc.403(b)

CHILD & FAMILY AGENCY OF SOUTHEASTERN CONNECTICUT 403(B) PLAN · NEW LONDON, CT · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Child & Family Agency of Southeastern Connecticut, Inc. reported $41,095 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,918 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 0.64% to 0.93%. 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 (917th of 1,106), and 7,953rd of 11,911 in health care & social assistance. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,924,285
Participants with balances238
Active participants229
Employer contributions$439,332
Employee contributions$617,664
Employer contribution per active participant$1,918
Average account balance$20,690
Benefits paid to participants$590,651
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 238 accts · $439K emplr
2023$3.9M · 244 accts · $405K emplr
2022$2.9M · 225 accts · $324K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,050
Total administrative$41,095
Employer contributions to the Child & Family Agency of Southeastern Connecticut, Inc. plan · 2024
Employer contribution per active participant$1,918
Median for plans this size$1,313
2024$1,918 per active participant
2023$1,736 per active participant
2022$1,535 per active participant

Child & Family Agency of Southeastern Connecticut, Inc.'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$41,095
STIFEL NICOLAUS & CO INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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$41,095 · 0.93%
2023$30,192 · 0.88%
2022$18,483 · 0.64%
Similar plansHealth Care & Social Assistance · Connecticut
The Mary Wade Home, Inc. CT$4.8M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237212022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.