Plan Ledger DOL Form 5500 · updated monthly

Family Centers, Inc.403(b)

FAMILY CENTERS, INC. 403(B) PLAN · GREENWICH, CT · plan year 2023

Reported admin expense ratio · 2023
0.34%

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

Family Centers, Inc. reported $42,355 in plan administrative expenses for 2023: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,954 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 fell from 0.69% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (669th of 1,106), and the 4,768th of 11,911 in health care & social assistance. In 2023, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has grown from 251 to 281 since 2022.

Plan summary
Net assets, end of year$13,644,247
Participants with balances271
Active participants281
Employer contributions$549,068
Employee contributions$531,957
Employer contribution per active participant$1,954
Average account balance$50,348
Benefits paid to participants$304,185
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 287 accts · $579K emplr
2023$13.6M · 271 accts · $549K emplr
2022$11.1M · 250 accts · $442K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$42,355
Total administrative$42,355
Employer contributions to the Family Centers, Inc. plan · 2023
Employer contribution per active participant$1,954
Median for plans this size$2,440
2024$2,054 per active participant
2023$1,954 per active participant
2022$1,759 per active participant

Family Centers, Inc.'s 2023 employer contribution ran below the $2,440 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.

Administrative cost history3
2024$67,855 · 0.53%
2023$42,355 · 0.34%
2022$71,567 · 0.69%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Duncaster, Inc. CT$14.6M · 0.12%
Community Solutions, Inc. CT$13.8M · 0.82%
Happy Mountains, LLC CT$13.7M · 0.44%
Marrakech, Inc. CT$12.8M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060646656 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.