Plan Ledger DOL Form 5500 · updated monthly

Good Family Support Services401(k)

GOOD FAMILY SUPPORT SERVICES INC 401K PROFIT SHARING PLAN AND TRU · PHILADELPHIA, PA · plan year 2023

Reported admin expense ratio · 2023
0.93%

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

Good Family Support Services reported $12,911 in plan administrative expenses for 2023: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $891 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 1.30% to 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (3,461st of 3,651), and 10,562nd of 11,911 in health care & social assistance. In 2023, employees put in $2.26 for every $1.00 the employer contributed; active participation has shrunk from 257 to 91 since 2022.

Plan summary
Net assets, end of year$1,390,593
Participants with balances189
Active participants91
Employer contributions$81,076
Employee contributions$183,228
Employer contribution per active participant$891
Average account balance$7,358
Benefits paid to participants$440,193
Plan auditUnmodified (clean) audit opinion
AuditorBACHELER & COMPANY P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 153 accts · $40K emplr
2023$1.4M · 189 accts · $81K emplr
2022$1.4M · 267 accts · $102K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,911
Total administrative$12,911
The Good Family Support Services 401(k) match · 2023
Employer contribution per active participant$891
Median for plans this size$1,308
2024$487 per active participant
2023$891 per active participant
2022$397 per active participant

Good Family Support Services's 2023 employer contribution ran below the $1,308 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.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$12,910
ADP BROKER-DEALER · Other servicesindirect comp
HORNOR TOWNSEND AND KENT · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$10,162 · 0.74%
2023$12,911 · 0.93%
2022$20,606 · 1.30%
Similar plansHealth Care & Social Assistance · Pennsylvania
McAr, Inc. PA$1.4M · 1.29%
Typical Life Corporation PA$1.3M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454308647 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.