Plan Ledger DOL Form 5500 · updated monthly

Blue Water Developmental Housing401(k)

BLUE WATER DEVELOPMENTAL HOUSING 401(K) PLAN · ST. CLAIR, MI · plan year 2024

Reported admin expense ratio · 2024
2.77%

Blue Water Developmental Housing reported $18,095 in plan administrative expenses for 2024: 2.77% of average plan assets, higher than ~75% of peers. 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 0.37% to 2.77%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,514th of 2,619), and 11,086th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$781,671
Participants with balances0
Active participants267
Employer contributions—
Employee contributions$373,781
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$184,830
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$782K
2023$526K · 186 accts
2022$179K · 182 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,095
Total administrative$18,095
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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$18,095

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$18,095 · 2.77%
2023$8,457 · 2.40%
2022$666 · 0.37%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Clm Enterprises, Inc. MI$888K · 0.08%
Dental Acq Group Holdings MI$806K · 0.24%
Forefront Healthcare LLC MI$748K · 1.29%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382140797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.