Plan Ledger DOL Form 5500 · updated monthly

Community Action Agency403(b)

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

Reported admin expense ratio · 2024
0.77%

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

Community Action Agency reported $80,167 in plan administrative expenses for 2024: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,612 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 0.85% to 0.77%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (1,487th of 2,619), and the 1,593rd of 3,341 in other services. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$10,727,501
Participants with balances229
Active participants187
Employer contributions$675,517
Employee contributions$641,778
Employer contribution per active participant$3,612
Average account balance$46,845
Benefits paid to participants$1,745,114
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 229 accts · $676K emplr
2023$10.0M · 245 accts · $677K emplr
2022$7.8M · 244 accts · $597K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,167
Total administrative$80,167
Employer contributions to the Community Action Agency plan · 2024
Employer contribution per active participant$3,612
Median for plans this size$2,416
2024$3,612 per active participant
2023$3,641 per active participant
2022$3,124 per active participant

Community Action Agency's 2024 employer contribution ran above the $2,416 median for plans its size. 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$80,166
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$80,167 · 0.77%
2023$70,393 · 0.79%
2022$60,942 · 0.85%
Similar plansOther Services · Michigan
Douglas J. Management, LLC MI$11.5M · 0.56%
Sohn Linen Service MI$10.6M · 0.33%
Dykstras Auto LLC MI$10.4M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381803599 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.