Plan Ledger DOL Form 5500 · updated monthly

Child Mind Institute, Inc.401(k)

CHILD MIND INSTITUTE, INC. 401(K) PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Child Mind Institute, Inc. reported $92,328 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,819 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 3 years on file its reported administrative ratio has held roughly steady near 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,229th-largest of 5,648 plans among New York employers on file, and the 899th of 3,341 in other services. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 307 to 383 since 2022.

Plan summary
Net assets, end of year$24,223,182
Participants with balances380
Active participants383
Employer contributions$1,462,627
Employee contributions$2,828,154
Employer contribution per active participant$3,819
Average account balance$63,745
Benefits paid to participants$1,637,936
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 380 accts · $1.5M emplr
2023$18.9M · 329 accts · $1.2M emplr
2022$13.8M · 266 accts · $932K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,328
Total administrative$92,328
The Child Mind Institute, Inc. 401(k) match · 2024
Employer contribution per active participant$3,819
Median for plans this size$2,416
2024$3,819 per active participant
2023$3,502 per active participant
2022$3,034 per active participant

Child Mind Institute, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$80,993
UNITED BENEFIT PENSIONS INC. · Contract administrator · Other services$11,335
MML INVESTORS SERVICES LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp
WILSHIRE ASSOCIATES LLC · Investment advisory (plan)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$92,328 · 0.43%
2023$71,442 · 0.44%
2022$57,060 · 0.41%
Same employer
Similar plansOther Services · New York
Justice Innovation Inc. NY$25.5M · 0.30%
Robin Hood Foundation NY$25.3M · 0.28%
Nyc & Company, Inc. NY$24.5M · 0.49%
Cooke School and Institute NY$24.0M · 0.42%
Nonprofit Finance Fund NY$22.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800478843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.