Plan Ledger DOL Form 5500 · updated monthly

Institute for Family Development401(k)

INSTITUTE FOR FAMILY DEVELOPMENT RETIREMENT PLAN · FEDERAL WAY, WA · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Institute for Family Development reported $72,621 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $3,110 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 3 years on file its reported administrative ratio has held roughly steady near 0.82%. 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 Washington (1,099th of 1,714), and the 5,853rd of 11,911 in health care & social assistance. In 2024, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,545,076
Participants with balances187
Active participants116
Employer contributions$360,793
Employee contributions$452,203
Employer contribution per active participant$3,110
Average account balance$51,043
Benefits paid to participants$365,864
Plan auditUnmodified (clean) audit opinion
AuditorLEE CPA GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 187 accts · $361K emplr
2023$8.1M · 187 accts · $314K emplr
2022$6.9M · 183 accts · $273K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,876
Investment management$32,662
Trustee / custodial$4,083
Total administrative$72,621
The Institute for Family Development 401(k) match · 2024
Employer contribution per active participant$3,110
Median for plans this size$1,313
2024$3,110 per active participant
2023$2,471 per active participant
2022$2,357 per active participant

Institute for Family Development's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20243
ESB WEALTH MANAGEMENT$32,662
PROTPA$29,444
MG TRUST COMPANY$4,083

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$72,621 · 0.82%
2023$61,761 · 0.83%
2022$61,760 · 0.85%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Panorama WA$10.0M · 0.68%
Jewish Family Service WA$9.9M · 0.05%
Sunrise Services, Inc. WA$9.3M · 0.79%
Aesthetic Physicians P.C. WA$9.2M · 0.79%
Treehouse WA$9.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911158512 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.