Plan Ledger DOL Form 5500 · updated monthly

Genesee Education Consultant Services, Inc.403(b)

GENESEE EDUCATION CONSULTANT SERVICES, INC. 403(B) ERISA PLAN · FLINT, MI · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Genesee Education Consultant Services, Inc. reported $22,582 in plan administrative expenses for 2024: 0.83% of average plan assets, above the peer median. Employer contributions averaged $31 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 rose from 0.72% to 0.83%. 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 (2,227th of 2,619), and 2,700th of 3,091 in educational services. In 2024, employees put in $28.55 for every $1.00 the employer contributed; active participation has shrunk from 905 to 636 since 2022.

Plan summary
Net assets, end of year$3,188,536
Participants with balances185
Active participants636
Employer contributions$19,796
Employee contributions$565,083
Employer contribution per active participant$31
Average account balance$17,235
Benefits paid to participants$97,003
Plan auditUnmodified (clean) audit opinion
AuditorTAYLOR & MORGAN
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 185 accts · $20K emplr
2023$2.3M · 145 accts · $15K emplr
2022$1.5M · 138 accts · $8K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,188
Investment management$18,394
Total administrative$22,582
Employer contributions to the Genesee Education Consultant Services, Inc. plan · 2024
Employer contribution per active participant$31
Median for plans this size$1,313
2024$31 per active participant
2023$15 per active participant
2022$8 per active participant

Genesee Education Consultant Services, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$4,188
PLAN MEMBER SECURITIES CORP · Investment advisory (plan)$18,394

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$22,582 · 0.83%
2023$15,312 · 0.81%
2022$11,097 · 0.72%
Similar plansEducational Services · Michigan
Rochester University MI$4.7M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453742174 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.