Plan Ledger DOL Form 5500 · updated monthly

Greenhills School403(b)

GREENHILLS SCHOOL RETIREMENT PLAN · ANN ARBOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Greenhills School reported $32,130 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,232 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 0.11% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 791st-largest of 2,619 plans among Michigan employers on file, and the 1,300th of 3,091 in educational services. In 2024, employees put in $1.16 for every $1.00 the employer contributed; active participation has grown from 132 to 152 since 2022.

Plan summary
Net assets, end of year$29,589,887
Participants with balances259
Active participants152
Employer contributions$795,311
Employee contributions$923,903
Employer contribution per active participant$5,232
Average account balance$114,247
Benefits paid to participants$1,145,812
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.6M · 259 accts · $795K emplr
2023$25.9M · 251 accts · $758K emplr
2022$22.6M · 248 accts · $653K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,288
Investment management$7,842
Total administrative$32,130
Employer contributions to the Greenhills School plan · 2024
Employer contribution per active participant$5,232
Median for plans this size$2,416
2024$5,232 per active participant
2023$5,531 per active participant
2022$4,944 per active participant

Greenhills School's 2024 employer contribution ran above the $2,416 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.

Service providers · 20241
TIAA · Contract administrator$24,512

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$32,130 · 0.12%
2023$27,685 · 0.11%
2022$25,469 · 0.11%
Similar plansEducational Services · Michigan
Aeg Holding Company Inc MI$38.6M · 0.20%
The Leona Group, LLC MI$37.0M · 0.20%
American Concrete Institute MI$35.4M · 0.09%
Walsh College MI$27.1M · 0.22%
Michigan Virtual University MI$24.0M · 0.25%
Olivet College MI$23.9M · 0.23%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 386143974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.