Plan Ledger DOL Form 5500 · updated monthly

Community Action Agency of South Central Michigan401(k)

COMMUNITY ACTION AGENCY OF SOUTH CENTRAL MICHIGAN 401(K) PROFIT SHARING PLAN · BATTLE CREEK, MI · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Community Action Agency of South Central Michigan reported $28,493 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,397 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 0.55% to 0.48%. 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 (1,885th of 2,619), and 7,292nd of 11,911 in health care & social assistance. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 214 to 244 since 2022.

Plan summary
Net assets, end of year$6,111,771
Participants with balances416
Active participants244
Employer contributions$340,791
Employee contributions$542,997
Employer contribution per active participant$1,397
Average account balance$14,692
Benefits paid to participants$1,396,219
Plan auditUnmodified (clean) audit opinion
AuditorRETIREMENT PLAN AUDIT SERVICES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 416 accts · $341K emplr
2023$5.9M · 396 accts · $309K emplr
2022$4.7M · 347 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,729
Investment management$16,764
Total administrative$28,493
The Community Action Agency of South Central Michigan 401(k) match · 2024
Employer contribution per active participant$1,397
Median for plans this size$1,313
2024$1,397 per active participant
2023$1,258 per active participant
2022$2,061 per active participant

Community Action Agency of South Central Michigan's 2024 employer contribution ran above the $1,313 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 · 20243
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$16,764
MAP RETIREMENT INC · Contract administrator$10,213
EMPOWER ANNUITY INSURANCE COMPANY · Insurance services · Loan processing$3,870

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$28,493 · 0.48%
2023$27,377 · 0.52%
2022$27,153 · 0.55%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Infusion Associates MI$6.3M · 0.83%
Sparrow Development, Inc. MI$6.1M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 381794361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.