Plan Ledger DOL Form 5500 · updated monthly

Family Resources, Inc.403(b)

FAMILY RESOURCES 403(B) RETIREMENT PLAN · PINELLAS PARK, FL · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Family Resources, Inc. reported $31,295 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $826 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 0.891%. 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 (2,765th of 3,644), and 8,825th of 11,911 in health care & social assistance. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,611,255
Participants with balances150
Active participants84
Employer contributions$69,352
Employee contributions$109,527
Employer contribution per active participant$826
Average account balance$24,075
Benefits paid to participants$287,049
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 150 accts · $69K emplr
2023$3.4M · 141 accts · $68K emplr
2022$3.1M · 146 accts · $60K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,695
Audit (IQPA)$5,600
Total administrative$31,295
Employer contributions to the Family Resources, Inc. plan · 2024
Employer contribution per active participant$826
Median for plans this size$1,313
2024$826 per active participant
2023$751 per active participant
2022$673 per active participant

Family Resources, Inc.'s 2024 employer contribution ran below 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$25,118

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$31,295 · 0.89%
2023$27,994 · 0.86%
2022$26,931 · 0.89%
Similar plansHealth Care & Social Assistance · Florida
Tdn Aso, LLC FL$3.6M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237146873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.