Plan Ledger DOL Form 5500 · updated monthly

The Arc of the Farmington Valley, Inc.403(b)

FAVARH 403(B) RETIREMENT PLAN · CANTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

The Arc of the Farmington Valley, Inc. reported $54,808 in plan administrative expenses for 2024: 0.83% of average plan assets, above the peer median. Employer contributions averaged $2,761 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 0.99% to 0.83%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Connecticut (830th of 1,106), and 3,306th of 4,246 in wholesale trade. In 2024, the employer put in $3.03 for every $1.00 employees contributed themselves; active participation has grown from 326 to 359 since 2022.

Plan summary
Net assets, end of year$7,361,189
Participants with balances535
Active participants359
Employer contributions$991,081
Employee contributions$326,749
Employer contribution per active participant$2,761
Average account balance$13,759
Benefits paid to participants$596,513
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 535 accts · $991K emplr
2023$5.8M · 455 accts · $948K emplr
2022$4.4M · 412 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,153
Investment management$655
Total administrative$54,808
Employer contributions to the The Arc of the Farmington Valley, Inc. plan · 2024
Employer contribution per active participant$2,761
Median for plans this size$1,313
2024$2,761 per active participant
2023$2,927 per active participant
2022$3,168 per active participant

The Arc of the Farmington Valley, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$47,855
PASI, LLC · Contract administrator$6,298
RBC CAPITAL MARKETS LLC$655

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$54,808 · 0.83%
2023$44,578 · 0.87%
2022$37,647 · 0.99%
Same employer
Similar plansWholesale Trade · Connecticut
Microcare, LLC CT$11.6M · 0.37%
TM3 Systems Inc CT$9.1M · 0.33%
Transom Symphony Opco LLC CT$8.5M · 0.58%
Tri-Lift, Inc CT$7.9M · 0.19%
Mafcote, Inc. CT$6.8M · 0.00%
Caspari, Inc. CT$5.8M · 0.04%
Summit Golf Brands Inc. CT$5.7M · 0.06%
Aurora Products, Inc CT$5.2M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 066011136 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.