Child Development Schools, Inc. DBA Childcare Netw 401(k) Review & Grade
Child Development Schools, Inc. 401(k) Savings Plan · d/b/a Childcare Network
Columbus, GAHealth Care & Social Assistance4,922 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$62Employer $ per active participant
$336Employee $ saved per active participant
1.35%Direct admin cost, % of plan assets
$9.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.8 / 5020th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 3th |
| Employee saving | 13th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $28,606 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Child Development Schools, Inc. DBA Childcare Netw put in about $62 per active participant, below the typical peer ($800). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.35% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $302,921 |
| Participant (employee) contributions | $1,652,752 |
| Other contributions (incl. rollovers in) | $9,003 |
| Administrative expenses paid from the plan | $121,891 |
| Investment advisory & management fees | $22,405 |
| Benefits paid out | $2,221,310 |
| Net assets, start / end of year | $8.7M / $9.4M |
| Active participants, start / end of year | 4,158 / 5,687 |
| Participants with account balances | 782 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $82,686 reported compensation |
| Regions Bank | $22,405 reported compensation |
| Forvis Mazars, LLP | $16,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250610071650NAL0012914675001, received 2025-06-10, EIN 63-0986576, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.