Plan Ledger DOL Form 5500 · updated monthly

Center for Family Health403(b)

CENTER FOR FAMILY HEALTH 403(B) EMPLOYER RETIREMENT PLAN · JACKSON, MI · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Center for Family Health reported $91,482 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,195 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 3 years on file its reported administrative ratio has held roughly steady near 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,298th-largest of 2,619 plans among Michigan employers on file, and the 4,685th of 11,911 in health care & social assistance. In 2024, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,029,183
Participants with balances205
Active participants261
Employer contributions$311,903
Employee contributions$963,974
Employer contribution per active participant$1,195
Average account balance$68,435
Benefits paid to participants$2,340,034
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 205 accts · $312K emplr
2023$13.3M · 249 accts · $272K emplr
2022$10.7M · 207 accts · $280K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,530
Investment management$57,952
Total administrative$91,482
Employer contributions to the Center for Family Health plan · 2024
Employer contribution per active participant$1,195
Median for plans this size$2,416
2024$1,195 per active participant
2023$1,059 per active participant
2022$1,162 per active participant

Center for Family Health's 2024 employer contribution ran below the $2,416 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$37,814
FIFTH THIRD BANK · Investment advisory (plan)$20,138

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$91,482 · 0.67%
2023$75,878 · 0.63%
2022$78,317 · 0.64%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Forest Health Services, LLC MI$14.6M · 0.36%
Sunset Manor, Inc. MI$14.3M · 0.79%
Great Lakes Eye Care PC MI$13.9M · 0.03%
Verdier Eye Center PLC MI$13.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383251354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.