Plan Ledger DOL Form 5500 · updated monthly

Dorsey School of Business, Inc.401(k)

DORSEY SCHOOL OF BUSINESS, INC. 401(K) PLAN · MADISON HEIGHTS, MI · plan year 2022

Reported admin expense ratio · 2022
0.95%

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

Dorsey School of Business, Inc. reported $50,198 in plan administrative expenses for 2022: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $364 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (1,981st of 2,619), and 2,498th of 3,091 in educational services. In 2022, employees put in $7.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,196,843
Participants with balances461
Active participants449
Employer contributions$163,451
Employee contributions$1,174,429
Employer contribution per active participant$364
Average account balance$11,273
Benefits paid to participants$524,100
Plan auditUnmodified (clean) audit opinion
AuditorLBMC
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $45K emplr
2022$5.2M · 461 accts · $163K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$50,198
Total administrative$50,198
The Dorsey School of Business, Inc. 401(k) match · 2022
Employer contribution per active participant$364
Median for plans this size$1,114

Dorsey School of Business, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$50,198 · 0.95%
Similar plansEducational Services · Michigan
Starr Commonwealth MI$5.7M · 0.10%
Eton Academy MI$5.4M · 0.00%
Rochester University MI$4.7M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381998422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.