Plan Ledger DOL Form 5500 · updated monthly

Focus on the Family403(b)

FOCUS ON THE FAMILY 403(B) PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Focus on the Family reported $273,445 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,529 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 0.18% to 0.38%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 170th-largest of 1,461 plans among Colorado employers on file, and the 271st of 3,341 in other services. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$75,016,131
Participants with balances597
Active participants678
Employer contributions$1,714,830
Employee contributions$3,070,270
Employer contribution per active participant$2,529
Average account balance$125,655
Benefits paid to participants$7,348,161
Plan auditDisclaimer of opinion
AuditorCAPIN CROUSE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$75.0M · 597 accts · $1.7M emplr
2023$69.2M · 576 accts · $1.6M emplr
2022$60.8M · 564 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,016
Investment management$134,418
Audit (IQPA)$17,500
Total administrative$273,445
Employer contributions to the Focus on the Family plan · 2024
Employer contribution per active participant$2,529
Median for plans this size$3,635
2024$2,529 per active participant
2023$2,189 per active participant
2022$2,178 per active participant

Focus on the Family's 2024 employer contribution ran below the $3,635 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 · 20244
EMPOWER ADVISORY GROUP LLC · Investment management$78,605
INNOVEST PORTFOLIO SOLUTIONS LLC$55,813
CAPIN CROUSE LLP · Accounting / audit$17,500

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

Administrative cost history3
2024$273,445 · 0.38%
2023$247,456 · 0.38%
2022$117,872 · 0.18%
Same employer
Similar plansOther Services · Colorado
The Navigators CO$158.5M · 0.14%
Allosource CO$62.8M · 0.22%
Educause CO$48.0M · 0.06%
Management Solutions, Inc. CO$44.3M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953188150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.