Plan Ledger DOL Form 5500 · updated monthly

Csp Management, Inc. dba Partner Solutions for Schools401(k)

PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN · BRIGHTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Csp Management, Inc. dba Partner Solutions for Schools reported $349,061 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,095 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 0.55% to 0.60%. 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 431st-largest of 2,619 plans among Michigan employers on file, and the 767th of 3,091 in educational services. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,706,643
Participants with balances2,500
Active participants2,093
Employer contributions$4,385,427
Employee contributions$4,854,713
Employer contribution per active participant$2,095
Average account balance$25,483
Benefits paid to participants$4,733,473
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.7M · 2,500 accts · $4.4M emplr
2023$52.2M · 2,414 accts · $3.3M emplr
2022$41.4M · 2,184 accts · $3.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$185,149
Investment management$145,162
Audit (IQPA)$18,750
Total administrative$349,061
The Csp Management, Inc. dba Partner Solutions for Schools 401(k) match · 2024
Employer contribution per active participant$2,095
Median for plans this size$3,635
2024$2,095 per active participant
2023$1,617 per active participant
2022$1,953 per active participant

Csp Management, Inc. dba Partner Solutions for Schools's 2024 employer contribution ran below the $3,635 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$202,580
ROBERT W. BAIRD & CO. INC · Investment advisory (plan)$143,882
CBIZ CPAS P.C. · Accounting / audit$18,750

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$349,061 · 0.60%
2023$306,042 · 0.65%
2022$238,644 · 0.55%
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 201257602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.