Plan Ledger DOL Form 5500 · updated monthly

Community Action Agency403(b)

COMMUNITY ACTION AGENCY 403(B) RETIREMENT PLAN · ESCANABA, MI · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Community Action Agency reported $34,694 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $623 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 rose from 0.78% to 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (2,152nd of 2,619), and 2,497th of 3,341 in other services. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,820,099
Participants with balances115
Active participants221
Employer contributions$137,683
Employee contributions$206,181
Employer contribution per active participant$623
Average account balance$33,218
Benefits paid to participants$462,305
Plan auditUnmodified (clean) audit opinion
AuditorHAWKINS ASH CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 115 accts · $138K emplr
2023$3.6M · 120 accts · $138K emplr
2022$3.1M · 86 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,616
Investment management$15,078
Total administrative$34,694
Employer contributions to the Community Action Agency plan · 2024
Employer contribution per active participant$623
Median for plans this size$1,313
2024$623 per active participant
2023$628 per active participant
2022$567 per active participant

Community Action Agency'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 · 20242
WIPFLI LLP · Plan administrator · Recordkeeping$19,516
CREATIVE PLANNING, LLC · Investment advisory (participants) · Investment advisory (plan)$15,078

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024WIPFLI LLP
2023WIPFLI LLP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$34,694 · 0.94%
2023$26,688 · 0.80%
2022$25,954 · 0.78%
Similar plansOther Services · Michigan
Clean Water Action, Inc. MI$4.3M · 0.04%
Work Skills Corporation MI$4.1M · 1.15%
Modernistic II, LLC MI$4.0M · 0.37%
Super C Group, LLC MI$3.4M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381795659 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.