Plan Ledger DOL Form 5500 · updated monthly

The Children's Center401(k)

THE CHILDREN'S CENTER 401(K) PLAN · FRANKLIN, VA · plan year 2022

Reported admin expense ratio · 2022
0.61%

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

The Children's Center reported $3,731 in plan administrative expenses for 2022: 0.61% of average plan assets, below the peer median. Employer contributions averaged $195 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (2,216th of 2,266), and 11,235th of 11,911 in health care & social assistance. In 2022, employees put in $4.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$636,594
Participants with balances92
Active participants179
Employer contributions$34,882
Employee contributions$162,567
Employer contribution per active participant$195
Average account balance$6,920
Benefits paid to participants$26,162
Plan auditUnmodified (clean) audit opinion
AuditorA ROHM SMITH & COMPANY
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,731
Total administrative$3,731
The The Children's Center 401(k) match · 2022
Employer contribution per active participant$195
Median for plans this size$331

The Children's Center's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,731 · 0.61%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 521317062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.