Plan Ledger DOL Form 5500 · updated monthly

Family Resource Center401(k)

403(B) THRIFT PLAN OF FAMILY RESOURCE CENTER OF SOUTH FLORIDA, INC. · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Family Resource Center reported $1,714 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.03% to 0.04%. 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 Florida (2,615th of 3,644), and 8,289th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$4,364,218
Participants with balances186
Active participants120
Employer contributions$0
Employee contributions$216,978
Employer contribution per active participant$0
Average account balance$23,464
Benefits paid to participants$335,770
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 186 accts
2023$3.9M · 183 accts · $95K emplr
2022$3.3M · 206 accts · $181K emplr
The Family Resource Center 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$759 per active participant
2022$1,482 per active participant

Family Resource 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,792

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$1,714 · 0.04%
2023$1,060 · 0.03%
2022$1,089 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Florida Retina Institute FL$4.3M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591788265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.