Plan Ledger DOL Form 5500 · updated monthly

Eton Academy403(b)

RETIREMENT PLAN OF ETON ACADEMY · BIRMINGHAM, MI · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Eton Academy reported $25 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,487 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 0.001% to 0.000%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (1,962nd of 2,619), and 2,478th of 3,091 in educational services. In 2024, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$5,440,113
Participants with balances109
Active participants54
Employer contributions$134,317
Employee contributions$117,679
Employer contribution per active participant$2,487
Average account balance$49,909
Benefits paid to participants$628,072
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 109 accts · $134K emplr
2023$5.1M · 109 accts · $111K emplr
2022$4.5M · 98 accts · $118K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25
Total administrative$25
Employer contributions to the Eton Academy plan · 2024
Employer contribution per active participant$2,487
Median for plans this size$1,313
2024$2,487 per active participant
2023$2,366 per active participant
2022$2,269 per active participant

Eton Academy's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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.

Administrative cost history3
2024$25 · 0.00%
2023$25 · 0.00%
2022$25 · 0.00%
Similar plansEducational Services · Michigan
Perry Johnson, Inc. MI$5.8M · 0.02%
Starr Commonwealth MI$5.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382298096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.