Plan Ledger DOL Form 5500 · updated monthly

Family & Children Services, Inc.401(k)

FAMILY & CHILDREN SERVICES, INC. RETIREMENT PLAN · KALAMAZOO, MI · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Family & Children Services, Inc. reported $43,045 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $11 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 0.29% to 0.37%. 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 Michigan (1,381st of 2,619), and the 5,055th of 11,911 in health care & social assistance. In 2024, employees put in $251.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,363,023
Participants with balances136
Active participants105
Employer contributions$1,146
Employee contributions$288,442
Employer contribution per active participant$11
Average account balance$90,905
Benefits paid to participants$939,538
Plan auditUnmodified (clean) audit opinion
AuditorSEBER TANS
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 136 accts · $1K emplr
2023$11.2M · 166 accts · $32K emplr
2022$9.8M · 171 accts · $105K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,645
Investment management$34,400
Total administrative$43,045
The Family & Children Services, Inc. 401(k) match · 2024
Employer contribution per active participant$11
Median for plans this size$2,416
2024$11 per active participant
2023$270 per active participant
2022$904 per active participant

Family & Children Services, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
GREENLEAF TRUST · Recordkeeping · Trustee$51,628

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

Recordkeeper by year2
2024GREENLEAF TRUST
2023GREENLEAF TRUST

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,045 · 0.37%
2023$40,455 · 0.39%
2022$31,851 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Southwest Solutions MI$12.5M · 0.34%
S L Husain Hamzavi MD PC MI$12.5M · 0.50%
Regional Medical Imaging PC MI$12.1M · 0.22%
D. a. Blodgett - St. John's MI$11.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382118101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.