Plan Ledger DOL Form 5500 · updated monthly

First Children, LLC.401(k)

FIRST CHILDREN, LLC. 401(K) PLAN · FANWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

First Children, LLC. reported $14,416 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $4 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 0.75% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New Jersey (2,085th of 2,419), and 2,772nd of 3,091 in educational services. In 2024, employees put in $308.69 for every $1.00 the employer contributed; active participation has shrunk from 375 to 333 since 2022.

Plan summary
Net assets, end of year$2,664,130
Participants with balances130
Active participants333
Employer contributions$1,233
Employee contributions$380,611
Employer contribution per active participant$4
Average account balance$20,493
Benefits paid to participants$161,321
Plan auditUnmodified (clean) audit opinion
AuditorMERCADIEN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 130 accts · $1K emplr
2023$2.1M · 144 accts
2022$1.2M · 138 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,930
Investment management$11,486
Total administrative$14,416
The First Children, LLC. 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$1,313

First Children, LLC.'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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping$2,930
MML INVESTORS SERVICES · Investment advisory (plan)$11,486

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$14,416 · 0.60%
2023$9,179 · 0.55%
2022$9,177 · 0.75%
Same employer
Similar plansEducational Services · New Jersey
The Calais School NJ$3.5M · 0.71%
Banyan School NJ$3.0M · 0.03%
Burn Brae Education, Inc. NJ$2.9M · 0.52%
Golden Steps Aba Nj LLC NJ$2.1M · 2.02%
Autism Community Services NJ$221K · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270255284 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.