Plan Ledger DOL Form 5500 · updated monthly

Christian Living Services403(b)

HOLLAND HOME TAX DEFERRED ANNUITY RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Christian Living Services reported $175,711 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $633 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 0.41%. 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 557th-largest of 2,619 plans among Michigan employers on file, and the 2,013th of 11,911 in health care & social assistance. In 2024, employees put in $3.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,838,812
Participants with balances895
Active participants1,488
Employer contributions$942,454
Employee contributions$3,224,807
Employer contribution per active participant$633
Average account balance$51,217
Benefits paid to participants$3,794,028
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.8M · 895 accts · $942K emplr
2023$39.7M · 828 accts · $890K emplr
2022$32.0M · 821 accts · $792K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$175,711
Total administrative$175,711
Employer contributions to the Christian Living Services plan · 2024
Employer contribution per active participant$633
Median for plans this size$2,416
2024$633 per active participant
2023$631 per active participant
2022$579 per active participant

Christian Living Services'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$175,711
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)indirect 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$175,711 · 0.41%
2023$160,572 · 0.45%
2022$149,770 · 0.43%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Gift of Life Michigan MI$53.9M · 0.04%
Aspire Rural Health System MI$45.8M · 0.24%
Hospice of Michigan MI$44.6M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381366927 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.