Plan Ledger DOL Form 5500 · updated monthly

Family Connections Inc.DC plan

403(B) THRIFT PLAN OF FAMILY CONNECTIONS, INC. · EAST ORANGE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Family Connections Inc. reported $19,151 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $3,180 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 0.02% to 0.29%. 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 New Jersey (1,694th of 2,419), and 6,630th of 11,911 in health care & social assistance. In 2024, employees put in $1.05 for every $1.00 the employer contributed; active participation has grown from 135 to 208 since 2022.

Plan summary
Net assets, end of year$7,575,055
Participants with balances279
Active participants208
Employer contributions$661,414
Employee contributions$695,888
Employer contribution per active participant$3,180
Average account balance$27,151
Benefits paid to participants$251,463
Plan auditUnmodified (clean) audit opinion
AuditorGELTRUDE & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 279 accts · $661K emplr
2023$5.6M · 228 accts · $364K emplr
2022$5.3M · 221 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,132
Investment management$1,019
Total administrative$19,151
Employer contributions to the Family Connections Inc. plan · 2024
Employer contribution per active participant$3,180
Median for plans this size$1,313
2024$3,180 per active participant
2023$2,316 per active participant
2022$2,683 per active participant

Family Connections Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$1,019

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$19,151 · 0.29%
2023$3,400 · 0.06%
2022$1,419 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Eastern Smiles Opco, LLC NJ$7.7M · 0.75%
Biocept, Inc. NJ$7.7M · 0.61%
Integrity, Inc. NJ$7.5M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221865826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.