Plan Ledger DOL Form 5500 · updated monthly

Family Development Services Inc.403(b)

FAMILY DEVELOPMENT SERVICES INC. 403B RETIREMENT PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Family Development Services Inc. reported $31,770 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $1,492 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 0.48% to 0.51%. 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 Indiana (1,072nd of 1,562), and 7,062nd 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 shrunk from 264 to 233 since 2022.

Plan summary
Net assets, end of year$6,590,781
Participants with balances298
Active participants233
Employer contributions$347,553
Employee contributions$365,618
Employer contribution per active participant$1,492
Average account balance$22,117
Benefits paid to participants$673,888
Plan auditUnmodified (clean) audit opinion
AuditorCOMER, NOWLING AND ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 298 accts · $348K emplr
2023$5.9M · 309 accts · $283K emplr
2022$5.3M · 309 accts · $343K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,921
Investment management$25,849
Total administrative$31,770
Employer contributions to the Family Development Services Inc. plan · 2024
Employer contribution per active participant$1,492
Median for plans this size$1,313
2024$1,492 per active participant
2023$1,084 per active participant
2022$1,301 per active participant

Family Development Services Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$5,921
WELLS FARGO ADVISORS FINAN · Investment advisory (participants) · Investment advisory (plan)$25,849

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$31,770 · 0.51%
2023$28,819 · 0.51%
2022$27,812 · 0.48%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Rbr Alliance, Inc. IN$6.6M · 0.88%
Gibault Inc IN$6.2M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351990571 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.