Plan Ledger DOL Form 5500 · updated monthly

Childserve Inc403(b)

CHILDSERVE EMPLOYEE RETIREMENT PLAN · JOHNSTON, IA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Childserve Inc reported $188,491 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $662 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 0.45% to 0.50%. 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 229th-largest of 878 plans among Iowa employers on file, and the 2,208th of 11,911 in health care & social assistance. In 2024, employees put in $2.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,872,179
Participants with balances920
Active participants1,558
Employer contributions$1,030,738
Employee contributions$2,963,910
Employer contribution per active participant$662
Average account balance$44,426
Benefits paid to participants$3,160,836
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP CERTIFIED PUBLIC ACCOUNTANT
Plan history3
Yearassets · accounts · employer contribution
2024$40.9M · 920 accts · $1.0M emplr
2023$35.1M · 1,020 accts · $1.0M emplr
2022$29.1M · 1,021 accts · $937K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$183,491
Audit (IQPA)$5,000
Total administrative$188,491
Employer contributions to the Childserve Inc plan · 2024
Employer contribution per active participant$662
Median for plans this size$2,416
2024$662 per active participant
2023$676 per active participant
2022$640 per active participant

Childserve 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$183,291
UHY LLP · Accounting / audit$5,000
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
WELLTH ADVISORY SERVICES, 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$188,491 · 0.50%
2023$148,836 · 0.46%
2022$139,464 · 0.45%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Sioux Center Health IA$46.0M · 0.33%
Impactlife IA$42.8M · 0.38%
Wesleylife IA$38.8M · 0.33%
Care Initiatives IA$33.8M · 0.22%
Ob-Gyn Associates, P.C. IA$33.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421271420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.