Plan Ledger DOL Form 5500 · updated monthly

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

FAMILY & CHILDREN'S AID, INC. RETIREMENT PLAN · DANBURY, CT · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Family & Children's Aid, Inc. reported $3,171 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,498 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 0.00% to 0.02%. 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 among the smaller plans on file in Connecticut (601st of 1,106), and the 4,201st of 11,911 in health care & social assistance. In 2024, employees put in $2.36 for every $1.00 the employer contributed; active participation has grown from 156 to 198 since 2022.

Plan summary
Net assets, end of year$16,530,835
Participants with balances200
Active participants198
Employer contributions$296,591
Employee contributions$699,668
Employer contribution per active participant$1,498
Average account balance$82,654
Benefits paid to participants$559,394
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 200 accts · $297K emplr
2023$14.4M · 199 accts · $291K emplr
2022$12.4M · 201 accts · $285K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,381
Investment management$790
Total administrative$3,171
The Family & Children's Aid, Inc. 401(k) match · 2024
Employer contribution per active participant$1,498
Median for plans this size$2,416
2024$1,498 per active participant
2023$1,844 per active participant
2022$1,828 per active participant

Family & Children's Aid, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,381

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$3,171 · 0.02%
2023$1,350 · 0.01%
2022$200 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Waveny Care Center CT$17.9M · 0.37%
Bhcare, Inc. CT$17.7M · 0.38%
Cw Resources, Inc. CT$16.4M · 0.77%
Bristol Hospital Ems, Inc. CT$16.0M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 060888719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.