Plan Ledger DOL Form 5500 · updated monthly

Penfield Children's Center, Inc.403(b)

PENFIELD CHILDRENS CENTER, INC. 403(B) PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Penfield Children's Center, Inc. reported $36,480 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $1,088 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 0.47% to 0.65%. 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 Wisconsin (1,550th of 1,936), and 7,439th of 11,911 in health care & social assistance. In 2024, employees put in $3.28 for every $1.00 the employer contributed; active participation has shrunk from 131 to 100 since 2022.

Plan summary
Net assets, end of year$5,847,397
Participants with balances158
Active participants100
Employer contributions$108,848
Employee contributions$356,637
Employer contribution per active participant$1,088
Average account balance$37,009
Benefits paid to participants$607,216
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 158 accts · $109K emplr
2023$5.3M · 167 accts · $116K emplr
2022$4.5M · 189 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,938
Investment management$19,542
Total administrative$36,480
Employer contributions to the Penfield Children's Center, Inc. plan · 2024
Employer contribution per active participant$1,088
Median for plans this size$1,313
2024$1,088 per active participant
2023$1,165 per active participant
2022$747 per active participant

Penfield Children's Center, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$36,480

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$36,480 · 0.65%
2023$35,078 · 0.72%
2022$23,893 · 0.47%
Similar plansHealth Care & Social Assistance · Wisconsin
Wlcfs WI$6.0M · 0.48%
Miravida Living, Inc. WI$5.8M · 0.05%
Orc Industries, Inc. WI$5.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391093701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.