Plan Ledger DOL Form 5500 · updated monthly

Detroit Rescue Mission Ministries403(b)

DETROIT RESCUE MISSION MINISTRIES 403(B) PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
1.23%

Detroit Rescue Mission Ministries reported $22,345 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. 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 3 years on file its reported administrative ratio fell from 1.36% to 1.23%. 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 (2,382nd of 2,619), and 10,168th of 11,911 in health care & social assistance. active participation has shrunk from 233 to 207 since 2021.

Plan summary
Net assets, end of year$1,861,284
Participants with balances226
Active participants207
Employer contributions—
Employee contributions$172,707
Employer contribution per active participant—
Average account balance$8,236
Benefits paid to participants$259,950
Plan auditUnmodified (clean) audit opinion
AuditorYEO AND YEO
Plan history4
Yearassets · accounts · employer contribution
2024$1.9M · 226 accts
2023$1.8M · 179 accts
2022$1.5M · 254 accts
2021$1.3M · 278 accts · $27K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,345
Total administrative$22,345
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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$22,270

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history4
2024$22,345 · 1.23%
2023$26,229 · 1.63%
2022$21,487 · 1.57%
2021$18,432 · 1.36%
Similar plansHealth Care & Social Assistance · Michigan
Pioneer Resources, Inc. MI$1.9M · 0.91%
Eagle Village, Inc. MI$1.9M · 1.05%
All Well-Being Services MI$1.8M · 0.06%
The Healing Haven, LLC MI$1.8M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381459371 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.