Plan Ledger DOL Form 5500 · updated monthly

Childnet, Inc.403(b)

CHILDNET, INC. 403(B) PLAN · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Childnet, Inc. reported $123,342 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $709 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 0.17% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 841st-largest of 3,644 plans among Florida employers on file, and the 2,856th of 11,911 in health care & social assistance. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 578 to 692 since 2022.

Plan summary
Net assets, end of year$28,907,321
Participants with balances773
Active participants692
Employer contributions$490,715
Employee contributions$1,099,193
Employer contribution per active participant$709
Average account balance$37,396
Benefits paid to participants$2,508,348
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.9M · 773 accts · $491K emplr
2023$27.0M · 1,642 accts · $770K emplr
2022$23.8M · 1,862 accts · $924K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,342
Total administrative$123,342
Employer contributions to the Childnet, Inc. plan · 2024
Employer contribution per active participant$709
Median for plans this size$2,416
2024$709 per active participant
2023$1,341 per active participant
2022$1,599 per active participant

Childnet, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$123,269
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)$73

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$123,342 · 0.44%
2023$45,001 · 0.18%
2022$37,199 · 0.17%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Novelle Health, LLC FL$29.4M · 0.35%
Uwh of Michigan FL$28.5M · 0.21%
Pbd & P, Inc. FL$28.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651149351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.