Plan Ledger DOL Form 5500 · updated monthly

Child Care Resource & Referral, Inc.403(b)

CHILD CARE RESOURCE AND REFERRAL, INC. MATCHED SAVINGS RETIREMENT PLAN · ROCHESTER, MN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Child Care Resource & Referral, Inc. reported $5,485 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,194 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 0.83% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Minnesota (1,423rd of 1,918), and 1,894th of 3,341 in other services. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,787,099
Participants with balances232
Active participants164
Employer contributions$359,790
Employee contributions$379,596
Employer contribution per active participant$2,194
Average account balance$33,565
Benefits paid to participants$108,048
Plan auditUnmodified (clean) audit opinion
AuditorHAWKINS ASH CPA
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 232 accts · $360K emplr
2023$6.3M · 225 accts · $337K emplr
2022$5.0M · 225 accts · $301K emplr
Employer contributions to the Child Care Resource & Referral, Inc. plan · 2024
Employer contribution per active participant$2,194
Median for plans this size$1,313
2024$2,194 per active participant
2023$2,092 per active participant
2022$1,825 per active participant

Child Care Resource & Referral, 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
TSC, INC. · Recordkeeping$5,485
NATIONWIDE · Trustee$1,727
PARK AVENUE SECURITIES · Investment advisory (plan) · Securities brokerageindirect comp

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

Recordkeeper by year2
2024TSC, INC.
2023TSC, INC.

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Administrative cost history3
2024$5,485 · 0.08%
2023$49,199 · 0.87%
2022$46,064 · 0.83%
Same employer
Similar plansOther Services · Minnesota
Scholarship America Inc. MN$9.6M · 0.48%
Speedy Novus Glass LLC MN$7.6M · 0.58%
Aeon MN$7.3M · 0.35%
Safenet Consulting Inc MN$7.0M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410987753 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.