Plan Ledger DOL Form 5500 · updated monthly

Sarah a. Reed Children's Center401(k)

SARAH A. REED CHILDREN'S CENTER RETIREMENT SAVINGS PLAN · ERIE, PA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Sarah a. Reed Children's Center reported $46,719 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,844 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 fell from 0.23% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,333rd-largest of 3,651 plans among Pennsylvania employers on file, and the 3,141st of 11,911 in health care & social assistance. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,216,672
Participants with balances308
Active participants248
Employer contributions$457,269
Employee contributions$692,358
Employer contribution per active participant$1,844
Average account balance$81,872
Benefits paid to participants$2,518,928
Plan auditUnmodified (clean) audit opinion
AuditorMCGILL, POWER, BELL & ASSOCIATES, L
Plan history3
Yearassets · accounts · employer contribution
2024$25.2M · 308 accts · $457K emplr
2023$23.8M · 307 accts · $488K emplr
2022$21.0M · 337 accts · $493K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,519
Audit (IQPA)$14,200
Total administrative$46,719
The Sarah a. Reed Children's Center 401(k) match · 2024
Employer contribution per active participant$1,844
Median for plans this size$2,416
2024$1,844 per active participant
2023$1,855 per active participant
2022$1,825 per active participant

Sarah a. Reed Children's Center's 2024 employer contribution ran below the $2,416 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$32,519
MCGILL POWER BELL & ASSOC LLP · Accounting / audit$14,200

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$46,719 · 0.19%
2023$46,829 · 0.21%
2022$44,313 · 0.23%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Lifepath, Inc. PA$25.4M · 0.42%
Horizon House, Inc. PA$24.8M · 0.24%
Inglis Foundation PA$24.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250965486 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.