Plan Ledger DOL Form 5500 · updated monthly

Fort Bend Family Health Center, Inc.403(b)

403(B) THRIFT PLAN OF FORT BEND FAMILY HEALTH CENTER · RICHMOND, TX · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Fort Bend Family Health Center, Inc. reported $21,144 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,492 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 0.12% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (2,948th of 5,688), and the 5,467th of 11,911 in health care & social assistance. In 2024, employees put in $1.37 for every $1.00 the employer contributed; active participation has grown from 231 to 274 since 2022.

Plan summary
Net assets, end of year$10,823,442
Participants with balances13
Active participants274
Employer contributions$408,686
Employee contributions$559,603
Employer contribution per active participant$1,492
Average account balance$832,572
Benefits paid to participants$513,619
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 13 accts · $409K emplr
2023$9.4M · 380 accts · $322K emplr
2022$8.4M · 392 accts · $322K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,144
Total administrative$21,144
Employer contributions to the Fort Bend Family Health Center, Inc. plan · 2024
Employer contribution per active participant$1,492
Median for plans this size$2,416
2024$1,492 per active participant
2023$1,189 per active participant
2022$1,394 per active participant

Fort Bend Family Health Center, Inc.'s 2024 employer contribution ran below the $2,416 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
NOVA 401(K) ASSOCIATES · Contract administrator$19,589

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$21,144 · 0.21%
2023$17,252 · 0.19%
2022$10,495 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · Texas
The Gladney Center TX$10.8M · 0.02%
Texas Neurology, P. A. TX$10.7M · 0.14%
Columbus Community Hospital TX$10.6M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741951476 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.