Plan Ledger DOL Form 5500 · updated monthly

Children and Families First403(b)

CHILDREN AND FAMILIES FIRST 403(B) DC PLAN · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Children and Families First reported $25,402 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $1,876 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 0.29% to 0.32%. 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 North Carolina (1,171st of 2,005), and 1,740th of 3,341 in other services. In 2024, the employer put in $1.81 for every $1.00 employees contributed themselves; active participation has grown from 223 to 532 since 2022.

Plan summary
Net assets, end of year$9,083,567
Participants with balances436
Active participants532
Employer contributions$997,915
Employee contributions$552,284
Employer contribution per active participant$1,876
Average account balance$20,834
Benefits paid to participants$633,385
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 436 accts · $998K emplr
2023$7.0M · 470 accts · $983K emplr
2022$5.1M · 357 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,402
Total administrative$25,402
Employer contributions to the Children and Families First plan · 2024
Employer contribution per active participant$1,876
Median for plans this size$1,313
2024$1,876 per active participant
2023$3,025 per active participant
2022$1,133 per active participant

Children and Families First'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
TIAA$24,410
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$3,692

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$25,402 · 0.32%
2023$18,054 · 0.30%
2022$15,273 · 0.29%
All plans at this employer2
CHILDREN AND FAMILIES FIRST 401(A) MPP PLANMoney purchase plan
CHILDREN AND FAMILIES FIRST 403(B) DC PLAN403(b)
Same employer
Similar plansOther Services · North Carolina
1-800-PACK-RAT, LLC NC$11.0M · 0.43%
United World Mission NC$10.0M · 0.95%
Tack Automotive, LLC NC$9.1M · 0.69%
Dick Broadcasting, Inc. NC$7.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560863474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.