Plan Ledger DOL Form 5500 · updated monthly

The Village for Families & Children, Inc.403(b)

THE VILLAGE FOR FAMILIES & CHILDREN, INC. 403(B)DC PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

The Village for Families & Children, Inc. reported $43,212 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,684 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 0.31% to 0.20%. 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 502nd-largest of 1,106 plans among Connecticut employers on file, and the 3,273rd of 11,911 in health care & social assistance. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has grown from 416 to 622 since 2022.

Plan summary
Net assets, end of year$23,797,349
Participants with balances900
Active participants622
Employer contributions$1,047,548
Employee contributions$1,423,753
Employer contribution per active participant$1,684
Average account balance$26,441
Benefits paid to participants$1,844,588
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 900 accts · $1.0M emplr
2023$20.1M · 647 accts · $930K emplr
2022$16.6M · 609 accts · $842K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,212
Total administrative$43,212
Employer contributions to the The Village for Families & Children, Inc. plan · 2024
Employer contribution per active participant$1,684
Median for plans this size$2,416
2024$1,684 per active participant
2023$1,555 per active participant
2022$2,024 per active participant

The Village for Families & Children, Inc.'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 · 20242
THE ANGELL PENSION GROUP, INC. · Contract administrator$10,599

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$43,212 · 0.20%
2023$42,701 · 0.23%
2022$53,116 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Icare Management, LLC CT$23.7M · 0.47%
The Eye Care Group, P.C. CT$22.5M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060668594 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.