Plan Ledger DOL Form 5500 · updated monthly

Family & Children's Agency, Inc.401(k)

FAMILY & CHILDREN'S AGENCY, INC. 401(K) PLAN · NORWALK, CT · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Family & Children's Agency, Inc. reported $20,322 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $778 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 0.13% to 0.23%. 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 Connecticut (780th of 1,106), and 5,998th of 11,911 in health care & social assistance. In 2024, employees put in $2.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,160,649
Participants with balances287
Active participants171
Employer contributions$133,082
Employee contributions$371,430
Employer contribution per active participant$778
Average account balance$31,919
Benefits paid to participants$1,091,241
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 287 accts · $133K emplr
2023$8.8M · 331 accts · $128K emplr
2022$7.9M · 498 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,885
Investment management$8,437
Total administrative$20,322
The Family & Children's Agency, Inc. 401(k) match · 2024
Employer contribution per active participant$778
Median for plans this size$1,313
2024$778 per active participant
2023$705 per active participant
2022$1,469 per active participant

Family & Children's Agency, Inc.'s 2024 employer contribution ran below 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 · 20245
EMPOWER ADVISORY GROUP, LLC · Investment management$4,858
ENVESTNET RETIREMENT SOLUTIONS, LLC · Investment advisory (plan)$3,579
MORGAN STANLEY SMITH BARNEY LLCindirect comp
MORGAN STANLEY INSURANCE SERVICES Iindirect 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$20,322 · 0.23%
2023$20,168 · 0.24%
2022$11,616 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Whitney Center, Inc. CT$9.0M · 0.56%
Horizons Programs, Inc. CT$8.9M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060970985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.