Plan Ledger DOL Form 5500 · updated monthly

Baker College Professional Services, Inc.DC plan

BAKER COLLEGE EMPLOYEES' PENSION TRUST · OWOSSO, MI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Baker College Professional Services, Inc. reported $12,434 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,078 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 0.009% to 0.015%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 329th-largest of 2,619 plans among Michigan employers on file, and the 599th of 3,091 in educational services.

Plan summary
Net assets, end of year$87,264,029
Participants with balances873
Active participants396
Employer contributions$2,011,011
Employee contributions$0
Employer contribution per active participant$5,078
Average account balance$99,959
Benefits paid to participants$6,752,664
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS & KNOPF, PC
Plan history3
Yearassets · accounts · employer contribution
2024$87.3M · 873 accts · $2.0M emplr
2023$83.9M · 896 accts · $2.1M emplr
2022$80.3M · 911 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,425
Investment management$4,009
Total administrative$12,434
Employer contributions to the Baker College Professional Services, Inc. plan · 2024
Employer contribution per active participant$5,078
Median for plans this size$3,635
2024$5,078 per active participant
2023$5,030 per active participant
2022$4,724 per active participant

Baker College Professional Services, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$2,772
MML INVESTORS SERVICES INCindirect comp
MMLISindirect comp

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$12,434 · 0.01%
2023$8,615 · 0.01%
2022$7,138 · 0.01%
All plans at this employer2
BAKER COLLEGE EMPLOYEES' PENSION TRUSTDefined-contribution plan
BAKER COLLEGE PROFESSIONAL SERVICES 403(B) PLAN403(b)
Same employer
Similar plansEducational Services · Michigan
Kalamazoo College MI$132.6M · 0.18%
Detroit Country Day School MI$105.9M · 0.10%
La Petite Academy, Inc. MI$101.2M · 0.42%
Thomas M Cooley Law School MI$65.0M · 0.07%
Spring Arbor University MI$60.8M · 0.23%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383043861 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.