Plan Ledger DOL Form 5500 · updated monthly

Children's Therapy Center403(b)

CHILDREN'S THERAPY CENTER 403(B) PLAN · KENT, WA · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Children's Therapy Center reported $41,979 in plan administrative expenses for 2023: 0.42% of average plan assets, below the peer median. Employer contributions averaged $602 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 0.398%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Washington (1,021st of 1,714), and the 5,430th of 11,911 in health care & social assistance. In 2023, employees put in $7.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,974,404
Participants with balances233
Active participants191
Employer contributions$114,951
Employee contributions$822,646
Employer contribution per active participant$602
Average account balance$47,100
Benefits paid to participants$580,131
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 210 accts · $110K emplr
2023$11.0M · 233 accts · $115K emplr
2022$8.9M · 198 accts · $113K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,979
Total administrative$41,979
Employer contributions to the Children's Therapy Center plan · 2023
Employer contribution per active participant$602
Median for plans this size$1,308
2024$917 per active participant
2023$602 per active participant
2022$606 per active participant

Children's Therapy Center's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$41,830

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$42,385 · 0.40%
2023$41,979 · 0.42%
2022$37,624 · 0.40%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Vera Whole Health Inc WA$11.1M · 0.55%
Ideal Option PLLC WA$10.4M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911078809 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.