Plan Ledger DOL Form 5500 · updated monthly

Food Bank of Contra Costa and Solano403(b)

FOOD BANK OF CONTRA COSTA AND SOLANO 403(B) PLAN · CONCORD, CA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Food Bank of Contra Costa and Solano reported $2,276 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,661 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 0.34% to 0.05%. 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 California (7,152nd of 9,483), and 8,172nd of 11,911 in health care & social assistance. In 2024, employees put in $2.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,578,390
Participants with balances118
Active participants115
Employer contributions$190,990
Employee contributions$466,792
Employer contribution per active participant$1,661
Average account balance$38,800
Benefits paid to participants$672,312
Plan auditUnmodified (clean) audit opinion
AuditorMACIAS GINI & O'CONNELL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 118 accts · $191K emplr
2023$3.9M · 108 accts · $174K emplr
2022$3.2M · 112 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,276
Total administrative$2,276
Employer contributions to the Food Bank of Contra Costa and Solano plan · 2024
Employer contribution per active participant$1,661
Median for plans this size$1,313
2024$1,661 per active participant
2023$1,412 per active participant
2022$1,174 per active participant

Food Bank of Contra Costa and Solano's 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,275
RETIREMENT PLANOLOGY, INC. · Investment advisory (plan)indirect comp

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$2,276 · 0.05%
2023$1,891 · 0.05%
2022$11,156 · 0.34%
Similar plansHealth Care & Social Assistance · California
Family Care Network, Inc. CA$4.6M · 0.08%
Islands Hospice, Inc. CA$4.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942418054 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.