Plan Ledger DOL Form 5500 · updated monthly

Bronson Healthcare Group, Inc.403(b)

BRONSON HEALTHCARE GROUP, INC. 403(B) TAX SHELTERED MATCHING PLAN · KALAMAZOO, MI · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Bronson Healthcare Group, Inc. reported $960,386 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,495 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 0.00% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 34th-largest of 2,619 plans among Michigan employers on file, and the 156th of 11,911 in health care & social assistance. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has grown from 8,357 to 9,693 since 2022.

Plan summary
Net assets, end of year$1,179,295,103
Participants with balances11,927
Active participants9,693
Employer contributions$33,873,799
Employee contributions$50,547,679
Employer contribution per active participant$3,495
Average account balance$98,876
Benefits paid to participants$100,976,710
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 11,927 accts · $33.9M emplr
2023$1.0B · 11,444 accts · $31.5M emplr
2022$841.4M · 10,958 accts · $30.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$627,421
Investment management$218,909
Audit (IQPA)$26,100
Total administrative$960,386
Employer contributions to the Bronson Healthcare Group, Inc. plan · 2024
Employer contribution per active participant$3,495
Median for plans this size$5,259
2024$3,495 per active participant
2023$3,576 per active participant
2022$3,620 per active participant

Bronson Healthcare Group, Inc.'s 2024 employer contribution ran below the $5,259 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$664,146
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$173,620
CAPFINANCIAL PARTNERS, LLC · Consulting$98,373
PLANTE MORAN · Accounting / audit$26,100
WILLIS TOWERS WATSON · Consultingindirect 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$960,386 · 0.09%
2023$1,069,125 · 0.11%
2022$7,731 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Corewell Health MI$3.2B · 0.05%
William Beaumont Hospital MI$3.0B · 0.11%
McLaren Health Care Corp. MI$1.9B · 0.04%
Henry Ford Health System MI$1.8B · 0.04%
Mymichigan Health MI$818.1M · 0.03%
Sparrow Health System MI$806.5M · 0.12%
Trinity Health Corporation MI$779.5M · 0.05%
Munson Healthcare MI$485.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382418383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.