Plan Ledger DOL Form 5500 · updated monthly

Capital Area Community Service403(b)

CAPITAL AREA COMMUNITY SERVICES, INC. 403(B) PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Capital Area Community Service reported $43,023 in plan administrative expenses for 2024: 0.47% of average plan assets, below the peer median. Employer contributions averaged $841 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 0.56% to 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (1,591st of 2,619), and 5,969th of 11,911 in health care & social assistance. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,229,076
Participants with balances204
Active participants285
Employer contributions$239,690
Employee contributions$611,072
Employer contribution per active participant$841
Average account balance$45,241
Benefits paid to participants$1,333,474
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 204 accts · $240K emplr
2023$8.9M · 197 accts · $227K emplr
2022$6.7M · 182 accts · $224K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,677
Investment management$4,410
Total administrative$43,023
Employer contributions to the Capital Area Community Service plan · 2024
Employer contribution per active participant$841
Median for plans this size$1,313
2024$841 per active participant
2023$738 per active participant
2022$823 per active participant

Capital Area Community Service's 2024 employer contribution ran below the $1,313 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 · 20242
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$32,680
WILSHIRE ASSOCIATES INC. · Named fiduciary$4,416

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,023 · 0.47%
2023$46,285 · 0.59%
2022$34,958 · 0.56%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
The Lighthouse, Inc. MI$9.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381791181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.