Plan Ledger DOL Form 5500 · updated monthly

Mississippi Children's Home Services, Inc. dba Canopy Childr403(b)

CANOPY CHILDREN'S SOLUTIONS RETIREMENT PLAN · JACKSON, MS · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Mississippi Children's Home Services, Inc. dba Canopy Childr reported $70,859 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,098 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 0.05% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 128th-largest of 367 plans among Mississippi employers on file, and the 1,344th of 3,341 in other services. In 2024, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,094,540
Participants with balances1,055
Active participants592
Employer contributions$650,151
Employee contributions$1,401,602
Employer contribution per active participant$1,098
Average account balance$13,360
Benefits paid to participants$961,144
Plan auditUnmodified (clean) audit opinion
AuditorHARPER, RAINS, KNIGHT & COMPANY PA
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 1,055 accts · $650K emplr
2023$11.5M · 920 accts · $407K emplr
2022$10.3M · 958 accts · $478K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,375
Investment management$808
Total administrative$70,859
Employer contributions to the Mississippi Children's Home Services, Inc. dba Canopy Childr plan · 2024
Employer contribution per active participant$1,098
Median for plans this size$2,416
2024$1,098 per active participant
2023$709 per active participant
2022$730 per active participant

Mississippi Children's Home Services, Inc. dba Canopy Childr's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
MAGNOLIA CAPITAL ADVISORS, LLC · Investment managementindirect comp

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$70,859 · 0.55%
2023$5,619 · 0.05%
2022$5,141 · 0.05%
Same employer
Similar plansOther Services · Mississippi
Neca-Ibew Local 480 MS$123.2M · 0.22%
Puckett Machinery Company MS$50.6M · 0.25%
Delta Health Alliance, Inc. MS$14.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113667990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.