Plan Ledger DOL Form 5500 · updated monthly

Sjb Child Development Centers403(b)

SJB CHILD DEVELOPMENT CENTERS 403(B) PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Sjb Child Development Centers reported $19,099 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $850 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 0.39% to 0.42%. 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 California (6,924th of 9,483), and 7,771st of 11,911 in health care & social assistance. In 2024, employees put in $3.32 for every $1.00 the employer contributed; active participation has grown from 201 to 260 since 2022.

Plan summary
Net assets, end of year$5,248,468
Participants with balances175
Active participants260
Employer contributions$220,882
Employee contributions$733,925
Employer contribution per active participant$850
Average account balance$29,991
Benefits paid to participants$211,697
Plan auditUnmodified (clean) audit opinion
AuditorJWT & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 175 accts · $221K emplr
2023$3.9M · 145 accts · $157K emplr
2022$3.1M · 105 accts · $118K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,099
Total administrative$19,099
Employer contributions to the Sjb Child Development Centers plan · 2024
Employer contribution per active participant$850
Median for plans this size$1,313
2024$850 per active participant
2023$684 per active participant
2022$588 per active participant

Sjb Child Development Centers'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 · 20245
NATIONWIDE · Claims processing · Recordkeeping$18,679
FARMER & BETTS, INC. · Recordkeeping · Pension consulting$3,978
ACRISURE OF CA LLC · Pension consulting · Investment advisory (participants)$11,811
PROACCOUNT · Investment advisory (participants)$2,353
IRON-CO-FID-3(21) · Trustee · Trustee (directed)$945

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

Recordkeeper by year2
2024FARMER & BETTS, INC., Nationwide
2023FARMER & BETTS, INC., Nationwide

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

Administrative cost history3
2024$19,099 · 0.42%
2023$13,672 · 0.39%
2022Not separately reported
Same employer
Similar plansHealth Care & Social Assistance · California
Baker Places, Inc. CA$5.2M · 1.07%
Synovation Holdings, LLC CA$5.2M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941747079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.