Plan Ledger DOL Form 5500 · updated monthly

Child and Family Charities401(k)

CHILD AND FAMILY CHARITIES EMPLOYEE DEFERRED COMPENSATION PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Child and Family Charities reported $27,747 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $1,440 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 fell from 0.82% to 0.76%. 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 Michigan (2,108th of 2,619), and 8,462nd of 11,911 in health care & social assistance. In 2024, employees put in $1.06 for every $1.00 the employer contributed; active participation has grown from 82 to 114 since 2022.

Plan summary
Net assets, end of year$4,128,565
Participants with balances97
Active participants114
Employer contributions$164,196
Employee contributions$174,222
Employer contribution per active participant$1,440
Average account balance$42,563
Benefits paid to participants$183,638
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 97 accts · $164K emplr
2023$3.2M · 106 accts · $141K emplr
2022$2.5M · 109 accts · $127K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,696
Investment management$15,051
Total administrative$27,747
The Child and Family Charities 401(k) match · 2024
Employer contribution per active participant$1,440
Median for plans this size$1,313
2024$1,440 per active participant
2023$1,319 per active participant
2022$1,553 per active participant

Child and Family Charities'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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$12,696
TRI STAR TRUST BANK · Investment advisory (plan)$15,156

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$27,747 · 0.76%
2023$26,760 · 0.93%
2022$23,444 · 0.82%
Similar plansHealth Care & Social Assistance · Michigan
Community Living Options MI$4.1M · 0.04%
Theoria Medical PLLC MI$4.1M · 0.27%
Community Programs, Inc. MI$4.1M · 0.88%
Matrix Human Services MI$4.0M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382118108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.