Plan Ledger DOL Form 5500 · updated monthly

College for Creative Studies403(b)

COLLEGE FOR CREATIVE STUDIES 403(B) RETIREMENT PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

College for Creative Studies reported $97,900 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,220 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 0.28% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 512th-largest of 2,619 plans among Michigan employers on file, and the 904th of 3,091 in educational services. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,572,878
Participants with balances895
Active participants600
Employer contributions$732,296
Employee contributions$1,375,986
Employer contribution per active participant$1,220
Average account balance$56,506
Benefits paid to participants$7,270,261
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.6M · 895 accts · $732K emplr
2023$50.2M · 942 accts · $739K emplr
2022$43.9M · 891 accts · $770K emplr
Administrative expenses, itemized · 2024
Investment management$97,900
Total administrative$97,900
Employer contributions to the College for Creative Studies plan · 2024
Employer contribution per active participant$1,220
Median for plans this size$3,635
2024$1,220 per active participant
2023$1,200 per active participant
2022$1,408 per active participant

College for Creative Studies's 2024 employer contribution ran below the $3,635 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 · 20245
TIAA-CREF · Custodial · Custodial (securities)$63,496
MERRILL LYNCH PFS INCORPORATED · Investment advisory (plan)$33,750
INVESCO ADVISERS, INC.$270
AMERICAN FUNDS$260
MASSACHUSETTS FINANCIAL SVC. CO.$75

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$97,900 · 0.19%
2023$105,019 · 0.22%
2022$119,856 · 0.28%
Same employer
Similar plansEducational Services · Michigan
Thomas M Cooley Law School MI$65.0M · 0.07%
Spring Arbor University MI$60.8M · 0.23%
University Liggett School MI$50.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381550064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.