Plan Ledger DOL Form 5500 · updated monthly

Alcona Citizens for Health, Inc.403(b)

ALCONA CITIZENS FOR HEALTH, INC. 403(B) PLAN · ALPENA, MI · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Alcona Citizens for Health, Inc. reported $56,389 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $992 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 0.27% to 0.35%. 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 1,136th-largest of 2,619 plans among Michigan employers on file, and the 4,079th of 11,911 in health care & social assistance. In 2024, employees put in $3.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,384,749
Participants with balances283
Active participants383
Employer contributions$379,797
Employee contributions$1,205,384
Employer contribution per active participant$992
Average account balance$61,430
Benefits paid to participants$946,920
Plan auditUnmodified (clean) audit opinion
AuditorQUAST JANKE AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 283 accts · $380K emplr
2023$14.4M · 239 accts · $335K emplr
2022$12.2M · 224 accts · $309K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,957
Investment management$37,432
Total administrative$56,389
Employer contributions to the Alcona Citizens for Health, Inc. plan · 2024
Employer contribution per active participant$992
Median for plans this size$2,416
2024$992 per active participant
2023$888 per active participant
2022$834 per active participant

Alcona Citizens for Health, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
EDWARD JONES · Investment advisory (plan)$37,432
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$18,957

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$56,389 · 0.35%
2023$33,868 · 0.25%
2022$36,716 · 0.27%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
McKenzie Memorial Hospital MI$18.1M · 0.28%
Hegira Health, Inc. MI$17.6M · 0.44%
Eaton Rapids Medical Center MI$17.2M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382170985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.