Plan Ledger DOL Form 5500 · updated monthly

Families, Inc.401(k)

FAMILIES, INC. 401(K) PLAN · JONESBORO, AR · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Families, Inc. reported $66,781 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,728 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 0.46% to 0.54%. 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 196th-largest of 456 plans among Arkansas employers on file, and the 4,923rd of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has shrunk from 174 to 128 since 2022.

Plan summary
Net assets, end of year$12,946,768
Participants with balances119
Active participants128
Employer contributions$221,180
Employee contributions$396,747
Employer contribution per active participant$1,728
Average account balance$108,796
Benefits paid to participants$1,422,162
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS AND ADVISORS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 119 accts · $221K emplr
2023$11.9M · 132 accts · $245K emplr
2022$10.2M · 141 accts · $265K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,200
Investment management$64,581
Total administrative$66,781
The Families, Inc. 401(k) match · 2024
Employer contribution per active participant$1,728
Median for plans this size$2,416
2024$1,728 per active participant
2023$1,635 per active participant
2022$1,525 per active participant

Families, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
STEPHENS INC. · Investment advisory (plan)$64,581

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$66,781 · 0.54%
2023$58,174 · 0.53%
2022$54,786 · 0.46%
Same employer
Similar plansHealth Care & Social Assistance · Arkansas
Practice Plus AR$17.4M · 0.36%
First Step, Inc. AR$16.3M · 0.44%
Arkansas Hospice, Inc. AR$12.8M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 710828877 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.