Plan Ledger DOL Form 5500 · updated monthly

The Centers for Families and Children401(k)

THE CENTERS FOR FAMILIES AND CHILDREN DEFINED CONTRIBUTION RETIREMENT PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

The Centers for Families and Children reported $96,847 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,359 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. 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 1,105th-largest of 3,295 plans among Ohio employers on file, and the 3,111th of 11,911 in health care & social assistance. In 2024, employees put in $1.14 for every $1.00 the employer contributed; active participation has grown from 546 to 638 since 2022.

Plan summary
Net assets, end of year$25,569,721
Participants with balances898
Active participants638
Employer contributions$1,505,004
Employee contributions$1,720,474
Employer contribution per active participant$2,359
Average account balance$28,474
Benefits paid to participants$2,469,618
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.6M · 898 accts · $1.5M emplr
2023$21.7M · 1,167 accts · $1.3M emplr
2022$17.6M · 1,058 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,360
Investment management$70,487
Total administrative$96,847
The The Centers for Families and Children 401(k) match · 2024
Employer contribution per active participant$2,359
Median for plans this size$2,416
2024$2,359 per active participant
2023$2,077 per active participant
2022$1,847 per active participant

The Centers for Families and Children'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 · 20243
ANCORA RETIREMENT PLAN ADVISORS INC · Investment advisory (plan)$44,542
EMPOWER ADVISORY GROUP, LLC · Investment management$25,945

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$96,847 · 0.41%
2023$81,782 · 0.42%
2022$78,766 · 0.42%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Community Health Care, Inc. OH$25.2M · 0.12%
Brightview, LLC OH$24.7M · 0.98%
Hospice of Northwest Ohio OH$24.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237084455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.