Cardinal Senior Management LLC401(k)
CARDINAL SENIOR MANAGEMENT 401(K) PLAN · GRAND RAPIDS, MI · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Cardinal Senior Management LLC reported $13,706 in plan administrative expenses for 2024: 1.61% of average plan assets, above the peer median. Employer contributions averaged $58 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 2.11% to 1.61%. 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 (2,487th of 2,619), and 10,931st of 11,911 in health care & social assistance. In 2024, employees put in $3.88 for every $1.00 the employer contributed; active participation has grown from 550 to 959 since 2022.
Cardinal Senior Management LLC's 2024 employer contribution ran below the $540 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 473686652 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.