Plan Ledger DOL Form 5500 · updated monthly

Hephzibah Children's Association401(k)

HEPHZIBAH CHILDREN'S ASSOCIATION 401(K) & PROFIT SHARING PLAN · OAK PARK, IL · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Hephzibah Children's Association reported $22,247 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. Employer contributions averaged $2,267 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 0.22% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (2,344th of 3,702), and the 5,559th of 11,911 in health care & social assistance. In 2023, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,492,128
Participants with balances221
Active participants166
Employer contributions$376,371
Employee contributions$446,551
Employer contribution per active participant$2,267
Average account balance$47,476
Benefits paid to participants$1,284,530
Plan auditUnmodified (clean) audit opinion
AuditorWARADY & DAVIS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 237 accts · $399K emplr
2023$10.5M · 221 accts · $376K emplr
2022$9.6M · 215 accts · $381K emplr
Administrative expenses, itemized · 2023
Investment management$22,247
Total administrative$22,247
The Hephzibah Children's Association 401(k) match · 2023
Employer contribution per active participant$2,267
Median for plans this size$2,440
2024$2,493 per active participant
2023$2,267 per active participant
2022$2,297 per active participant

Hephzibah Children's Association's 2023 employer contribution ran below the $2,440 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 · 20234
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$15,076
MORGAN STANLEY · Investment advisory (plan)$5,028
EMPOWER ADVISORY GROUP, LLC · Investment management$2,143

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$48,070 · 0.46%
2023$22,247 · 0.22%
2022$19,622 · 0.22%
Similar plansHealth Care & Social Assistance · Illinois
Ferrell Hospital IL$11.2M · 0.04%
Opticsplanet, Inc. IL$10.8M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362167096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.