Plan Ledger DOL Form 5500 · updated monthly

Family and Children's Center,Inc.401(k)

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF FAMILY AND CHILDREN'S CENTER, INC. · SOUTH BEND, IN · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Family and Children's Center,Inc. reported $806 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,243 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 1 year on file its reported administrative ratio rose from 0.01% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Indiana (1,250th of 1,562), and 8,577th of 11,911 in health care & social assistance. In 2023, the employer put in $1.51 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,965,100
Participants with balances143
Active participants98
Employer contributions$121,804
Employee contributions$80,770
Employer contribution per active participant$1,243
Average account balance$27,728
Benefits paid to participants$563,836
Plan auditQualified audit opinion
AuditorDWC CPA'S LLC
Plan history2
Yearassets · accounts · employer contribution
2023$4.0M · 143 accts · $122K emplr
2022$3.8M · 146 accts · $82K emplr
The Family and Children's Center,Inc. 401(k) match · 2023
Employer contribution per active participant$1,243
Median for plans this size$1,308
2023$1,243 per active participant
2022$1,127 per active participant

Family and Children's Center,Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$806

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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Administrative cost history2
2023$806 · 0.02%
2022$585 · 0.01%
All plans at this employer2
FAMILY & CHILDREN'S CENTER, INC. 401(K) PLAN401(k)
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF FAMILY AND CHILDREN'S CENTER, INC.401(k)
Similar plansHealth Care & Social Assistance · Indiana
Wabash Center, Inc. IN$4.2M · 0.48%
Suburban Home Health IN$4.1M · 0.84%
Tradewinds Services, Inc. IN$4.1M · 0.59%
Westminster Village North IN$4.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350869031 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.