Plan Ledger DOL Form 5500 · updated monthly

Family Christian Health Center401(k)

FCHC 401(K) · HARVEY, IL · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Family Christian Health Center reported $42,252 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $623 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 3 years on file its reported administrative ratio has held roughly steady near 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (2,898th of 3,702), and 7,646th of 11,911 in health care & social assistance. In 2024, employees put in $7.15 for every $1.00 the employer contributed; active participation has shrunk from 126 to 98 since 2022.

Plan summary
Net assets, end of year$5,455,197
Participants with balances136
Active participants98
Employer contributions$61,036
Employee contributions$436,390
Employer contribution per active participant$623
Average account balance$40,112
Benefits paid to participants$326,422
Plan auditUnmodified (clean) audit opinion
AuditorSELDEN FOX LTD
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 136 accts · $61K emplr
2023$4.6M · 131 accts · $54K emplr
2022$3.8M · 139 accts · $60K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,110
Investment management$15,142
Total administrative$42,252
The Family Christian Health Center 401(k) match · 2024
Employer contribution per active participant$623
Median for plans this size$1,313
2024$623 per active participant
2023$465 per active participant
2022$480 per active participant

Family Christian Health Center's 2024 employer contribution ran below the $1,313 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$13,908
EMPOWER ADVISORY GROUP, LLC · Investment management$1,234

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$42,252 · 0.84%
2023$35,349 · 0.84%
2022$33,143 · 0.83%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Dayone Pact IL$5.4M · 0.69%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 364346917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.