Plan Ledger DOL Form 5500 · updated monthly

D. a. Blodgett - St. John's403(b)

D. A. BLODGETT - ST. JOHN'S 403(B) PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

D. a. Blodgett - St. John's reported $45,170 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $711 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 0.48% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (1,464th of 2,619), and the 5,421st of 11,911 in health care & social assistance. In 2024, employees put in $4.07 for every $1.00 the employer contributed; active participation has shrunk from 181 to 157 since 2022.

Plan summary
Net assets, end of year$11,025,697
Participants with balances262
Active participants157
Employer contributions$111,682
Employee contributions$454,963
Employer contribution per active participant$711
Average account balance$42,083
Benefits paid to participants$1,132,776
Plan auditUnmodified (clean) audit opinion
AuditorGOODLANDER, SWETT, RYBICKI
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 262 accts · $112K emplr
2023$8.7M · 292 accts · $112K emplr
2022$7.8M · 295 accts · $111K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,714
Trustee / custodial$33,456
Total administrative$45,170
The D. a. Blodgett - St. John's 401(k) match · 2024
Employer contribution per active participant$711
Median for plans this size$2,416
2024$711 per active participant
2023$524 per active participant
2022$614 per active participant

D. a. Blodgett - St. John's's 2024 employer contribution ran below the $2,416 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee (directed)$45,170

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$45,170 · 0.42%
2023$40,891 · 0.50%
2022$45,067 · 0.48%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Regional Medical Imaging PC MI$12.1M · 0.22%
Medstar, Inc. MI$10.9M · 0.45%
Moka Corporation MI$10.7M · 0.30%
Cpd Distribution, LLC MI$10.4M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381358163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.