Plan Ledger DOL Form 5500 · updated monthly

Emergent Health Partners403(b)

EMERGENT HEALTH PARTNERS 403(B) RETIREMENT PLAN · ANN ARBOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Emergent Health Partners reported $131,210 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,817 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 0.32% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 459th-largest of 2,619 plans among Michigan employers on file, and the 1,631st of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 880 to 1,030 since 2022.

Plan summary
Net assets, end of year$59,424,384
Participants with balances1,124
Active participants1,030
Employer contributions$1,871,228
Employee contributions$3,818,477
Employer contribution per active participant$1,817
Average account balance$52,869
Benefits paid to participants$5,593,420
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$59.4M · 1,124 accts · $1.9M emplr
2023$52.3M · 1,050 accts · $1.7M emplr
2022$44.8M · 1,041 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,857
Investment management$27,353
Total administrative$131,210
Employer contributions to the Emergent Health Partners plan · 2024
Employer contribution per active participant$1,817
Median for plans this size$3,635
2024$1,817 per active participant
2023$2,021 per active participant
2022$1,912 per active participant

Emergent Health Partners's 2024 employer contribution ran below the $3,635 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 · 20244
TIAA · Recordkeeping · Pension consulting$58,546
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$58,994
SORTINO ADVISORY PARTNERS, LLC · Investment advisory (plan)$27,000
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$131,210 · 0.23%
2023$156,578 · 0.32%
2022$156,591 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
U.S. Medical Management LLC MI$63.4M · 0.60%
Paragon Health, P.C. MI$62.6M · 0.20%
Arcturus Healthcare PLC MI$61.0M · 0.13%
Gift of Life Michigan MI$53.9M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452579119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.