Plan Ledger DOL Form 5500 · updated monthly

Grand Rapids Symphony Society401(k)

GRAND RAPIDS SYMPHONY SOCIETY RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Grand Rapids Symphony Society reported $86,335 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,746 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 3 years on file its reported administrative ratio has held roughly steady near 0.716%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Michigan (1,369th of 2,619), and the 588th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,572,982
Participants with balances114
Active participants96
Employer contributions$167,635
Employee contributions$408,638
Employer contribution per active participant$1,746
Average account balance$110,289
Benefits paid to participants$600,194
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 114 accts · $168K emplr
2023$11.5M · 111 accts · $159K emplr
2022$10.2M · 110 accts · $154K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,335
Total administrative$86,335
The Grand Rapids Symphony Society 401(k) match · 2024
Employer contribution per active participant$1,746
Median for plans this size$2,416
2024$1,746 per active participant
2023$1,732 per active participant
2022$1,695 per active participant

Grand Rapids Symphony Society's 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$86,335
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$86,335
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)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$86,335 · 0.72%
2023$80,538 · 0.74%
2022$70,969 · 0.72%
Similar plansArts, Entertainment & Recreation · Michigan
I.A.T.S.E. Local No. 6 MI$21.8M · 0.81%
Ford Field Management LLC MI$20.0M · 0.41%
Little River Casino Resort MI$18.8M · 0.48%
Mvp Operations, LLC MI$8.8M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386005447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.