Plan Ledger DOL Form 5500 · updated monthly

Bay Human Services, Inc.403(b)

BAY HUMAN SERVICES 403(B) · STANDISH, MI · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Bay Human Services, Inc. reported $8,284 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $317 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 1.05% to 0.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (2,346th of 2,619), and 2,836th of 3,341 in other services. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,144,242
Participants with balances97
Active participants520
Employer contributions$164,820
Employee contributions$283,006
Employer contribution per active participant$317
Average account balance$22,106
Benefits paid to participants$259,164
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 97 accts · $165K emplr
2023$1.8M · 102 accts · $312K emplr
2022$1.2M · 104 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,856
Investment management$4,428
Total administrative$8,284
Employer contributions to the Bay Human Services, Inc. plan · 2024
Employer contribution per active participant$317
Median for plans this size$1,313
2024$317 per active participant
2023$603 per active participant

Bay Human Services, Inc.'s 2024 employer contribution ran below the $1,313 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
RESOURCES INVESTMENT ADVISORS, INC. · Recordkeeping · Trustee$4,428
ADP, INC. · Recordkeeping · Loan processing$3,856

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$8,284 · 0.42%
2023$9,095 · 0.62%
2022$11,254 · 1.05%
Same employer
Similar plansOther Services · Michigan
Valley City Linen, Inc. MI$2.5M · 0.65%
Salute Incorporated MI$844K · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382335441 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.