Plan Ledger DOL Form 5500 · updated monthly

The Children's Place at Home Safe, Inc.403(b)

HOMESAFE 403(B) RETIREMENT PLAN · LAKE WORTH, FL · plan year 2024

Reported admin expense ratio · 2024
1.19%

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

The Children's Place at Home Safe, Inc. reported $54,156 in plan administrative expenses for 2024: 1.19% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,517 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 1.13% to 1.19%. 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 Florida (2,491st of 3,644), and 7,912th of 11,911 in health care & social assistance. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,990,611
Participants with balances160
Active participants139
Employer contributions$349,874
Employee contributions$486,186
Employer contribution per active participant$2,517
Average account balance$31,191
Benefits paid to participants$603,360
Plan auditUnmodified (clean) audit opinion
AuditorHOLYFIELD & THOMAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 160 accts · $350K emplr
2023$4.1M · 173 accts · $255K emplr
2022$3.1M · 162 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,629
Investment management$22,527
Total administrative$54,156
Employer contributions to the The Children's Place at Home Safe, Inc. plan · 2024
Employer contribution per active participant$2,517
Median for plans this size$1,313
2024$2,517 per active participant
2023$1,771 per active participant
2022$1,252 per active participant

The Children's Place at Home Safe, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$31,628
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$22,524

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$54,156 · 1.19%
2023$40,548 · 1.13%
2022$37,152 · 1.13%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Tomoka Eye Associates PA FL$4.9M · 0.76%
Chapman Partnership FL$4.8M · 0.41%
The Lord's Place, Inc. FL$4.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591935485 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.