Plan Ledger DOL Form 5500 · updated monthly

Familia Development, LLC401(k)

FAMILIA DENTAL 401(K) PLAN · SCHAUMBURG, IL · plan year 2024

Reported admin expense ratio · 2024
1.94%

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

Familia Development, LLC reported $100,857 in plan administrative expenses for 2024: 1.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $445 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 fell from 2.32% to 1.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (2,828th of 3,702), and 7,314th of 11,911 in health care & social assistance. In 2024, employees put in $6.66 for every $1.00 the employer contributed; active participation has shrunk from 1,074 to 564 since 2022.

Plan summary
Net assets, end of year$6,059,608
Participants with balances582
Active participants564
Employer contributions$251,188
Employee contributions$1,672,863
Employer contribution per active participant$445
Average account balance$10,412
Benefits paid to participants$996,259
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 582 accts · $251K emplr
2023$4.4M · 658 accts · $309K emplr
2022$2.5M · 897 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,857
Total administrative$100,857
The Familia Development, LLC 401(k) match · 2024
Employer contribution per active participant$445
Median for plans this size$1,313
2024$445 per active participant
2023$641 per active participant

Familia Development, LLC's 2024 employer contribution ran below the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$63,516
ORENDA RETIREMENT, LLC · Contract administrator · Other services$37,369
RAYMOND JAMES & ASSOCIATES · 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$100,857 · 1.94%
2023$71,704 · 2.08%
2022$47,205 · 2.32%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
La Cross Dental LLC IL$6.3M · 0.53%
Webster Dental Care Group IL$6.2M · 0.65%
Vitae Health Systems IL$6.1M · 1.32%
Glenkirk IL$6.1M · 0.85%
Wesley Willows IL$6.0M · 0.58%
Gracent, LLC IL$5.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272128286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.