Plan Ledger DOL Form 5500 · updated monthly

Family Services of Nw PA401(k)

FAMILY SERVICES OF NW PA 401K PLAN · ERIE, PA · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Family Services of Nw PA reported $9,304 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,617 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 fell from 0.06% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (1,960th of 3,651), and the 4,735th of 11,911 in health care & social assistance. In 2023, employees put in $2.13 for every $1.00 the employer contributed; active participation has shrunk from 131 to 115 since 2022.

Plan summary
Net assets, end of year$13,782,623
Participants with balances194
Active participants115
Employer contributions$185,976
Employee contributions$395,669
Employer contribution per active participant$1,617
Average account balance$71,044
Benefits paid to participants$819,209
Plan auditUnmodified (clean) audit opinion
AuditorFELIX & GLOEKLER, PC
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 185 accts · $211K emplr
2023$13.8M · 194 accts · $186K emplr
2022$12.4M · 210 accts · $244K emplr
The Family Services of Nw PA 401(k) match · 2023
Employer contribution per active participant$1,617
Median for plans this size$2,440
2024$1,920 per active participant
2023$1,617 per active participant
2022$1,861 per active participant

Family Services of Nw PA's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$6,673 · 0.05%
2023$9,304 · 0.07%
2022$7,498 · 0.06%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Abraxas Alliance, Inc. PA$14.0M · 0.26%
Waverly Senior Services PA$13.9M · 0.02%
Resourceful, Inc. PA$13.8M · 0.09%
Newcourtland Elder Services PA$13.3M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250987225 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.