Plan Ledger DOL Form 5500 · updated monthly

The Children's Center of Hamden, Inc.401(k)

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE CHILDREN'S CENTER OF HAMDEN, INC. · HAMDEN, CT · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

The Children's Center of Hamden, Inc. reported $1,721 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $716 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 rose from 0.04% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (898th of 1,106), and 7,692nd of 11,911 in health care & social assistance. In 2023, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,396,047
Participants with balances204
Active participants173
Employer contributions$123,899
Employee contributions$212,895
Employer contribution per active participant$716
Average account balance$26,451
Benefits paid to participants$984,545
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 191 accts · $29K emplr
2023$5.4M · 204 accts · $124K emplr
2022$5.3M · 200 accts · $111K emplr
The The Children's Center of Hamden, Inc. 401(k) match · 2023
Employer contribution per active participant$716
Median for plans this size$1,308
2024$283 per active participant
2023$716 per active participant
2022$639 per active participant

The Children's Center of Hamden, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,721

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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Administrative cost history3
2024$16,351 · 0.32%
2023$1,721 · 0.03%
2022$1,956 · 0.04%
All plans at this employer2
EMPLOYEE BENEFIT PLAN OF THE CHILDREN S CENTER OF HAMDEN, INC.401(k)
401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE CHILDREN'S CENTER OF HAMDEN, INC.401(k)
Similar plansHealth Care & Social Assistance · Connecticut

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Source: U.S. Department of Labor, Form 5500 series, EIN 061580427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.