Plan Ledger DOL Form 5500 · updated monthly

Christian Rest Home Association Edison Christian Life Services403(b)

CHRISTIAN REST HOME ASSOCIATION TAX DEFERRED ANNUITY PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Christian Rest Home Association Edison Christian Life Services reported $109 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $621 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 0.004% to 0.001%. 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 (1,632nd of 2,619), and 6,143rd of 11,911 in health care & social assistance. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 246 to 297 since 2022.

Plan summary
Net assets, end of year$8,742,552
Participants with balances112
Active participants297
Employer contributions$184,375
Employee contributions$261,693
Employer contribution per active participant$621
Average account balance$78,059
Benefits paid to participants$1,595,371
Plan auditUnmodified (clean) audit opinion
AuditorMONROE SWEERIS & TROMP PLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 112 accts · $184K emplr
2023$8.6M · 134 accts · $195K emplr
2022$8.6M · 137 accts · $194K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109
Total administrative$109
Employer contributions to the Christian Rest Home Association Edison Christian Life Services plan · 2024
Employer contribution per active participant$621
Median for plans this size$1,313
2024$621 per active participant
2023$724 per active participant
2022$787 per active participant

Christian Rest Home Association Edison Christian Life Services's 2024 employer contribution ran below the $1,313 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$61

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$109 · 0.00%
2023$48 · 0.00%
2022$382 · 0.00%
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 381237795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.