Plan Ledger DOL Form 5500 · updated monthly

Family & Community Services, Inc.403(b)

403(B) THRIFT PLAN FOR FAMILY & COMMUNITY SERVICES, INC. · RAVENNA, OH · plan year 2023

Reported admin expense ratio · 2023
0.68%

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

Family & Community Services, Inc. reported $36,215 in plan administrative expenses for 2023: 0.68% of average plan assets, above the peer median. Employer contributions averaged $406 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 0.63% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (2,440th of 3,295), and 2,177th of 3,341 in other services. In 2023, employees put in $2.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,834,720
Participants with balances158
Active participants479
Employer contributions$194,491
Employee contributions$550,894
Employer contribution per active participant$406
Average account balance$36,929
Benefits paid to participants$622,161
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$5.8M · 158 accts · $194K emplr
2022$4.8M · 209 accts · $178K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$36,215
Total administrative$36,215
Employer contributions to the Family & Community Services, Inc. plan · 2023
Employer contribution per active participant$406
Median for plans this size$1,308
2023$406 per active participant
2022$346 per active participant

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

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,214
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect 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
2024Not separately reported
2023$36,215 · 0.68%
2022$32,426 · 0.63%
Same employer
Similar plansOther Services · Ohio
Rlo Inc OH$6.2M · 0.70%
Iron Pony Motorsports Inc OH$5.4M · 0.82%
Stepowoy Enterprises, LLC OH$5.4M · 0.88%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341902451 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.