Plan Ledger DOL Form 5500 · updated monthly

L. I. Child and Family Development Services, Inc.DC plan

403(B) THRIFT PLAN OF L. I. CHILD AND FAMILY DEVELOPMENT SERVICES, INC. · PATCHOGUE, NY · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

L. I. Child and Family Development Services, Inc. reported $11,672 in plan administrative expenses for 2023: 0.11% of average plan assets, below the peer median. Employer contributions averaged $1,792 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 1 year on file its reported administrative ratio rose from 0.01% to 0.11%. 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 New York (3,417th of 5,648), and the 5,325th of 11,911 in health care & social assistance. In 2023, employees put in $1.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,389,347
Participants with balances551
Active participants348
Employer contributions$623,559
Employee contributions$640,341
Employer contribution per active participant$1,792
Average account balance$20,670
Benefits paid to participants$1,235,280
Plan auditUnmodified (clean) audit opinion
AuditorBERARD & ASSOCIATES, CPAS PC
Plan history2
Yearassets · accounts · employer contribution
2023$11.4M · 551 accts · $624K emplr
2022$9.9M · 563 accts · $516K emplr
Employer contributions to the L. I. Child and Family Development Services, Inc. plan · 2023
Employer contribution per active participant$1,792
Median for plans this size$2,440
2023$1,792 per active participant
2022$1,559 per active participant

L. I. Child and Family Development Services, Inc.'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 · 20231
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$11,672

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

Administrative cost history2
2023$11,672 · 0.11%
2022$956 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · New York
A & T Healthcare, L.L.C. NY$11.4M · 0.61%
Opengate Inc. NY$11.4M · 0.53%
Schc Companies, Inc. NY$11.4M · 0.50%
Valley Health Services, Inc NY$11.4M · 0.03%
Cancer Care, Inc. NY$11.3M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112771919 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.