Plan Ledger DOL Form 5500 · updated monthly

Greenpath, Inc.403(b)

GREENPATH, INC. 403(B) RETIREMENT PLAN · FARMINGTON HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Greenpath, Inc. reported $171,233 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,928 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 0.27% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 513th-largest of 2,619 plans among Michigan employers on file, and the 1,653rd of 4,798 in finance & insurance. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,507,471
Participants with balances609
Active participants465
Employer contributions$1,361,695
Employee contributions$2,728,288
Employer contribution per active participant$2,928
Average account balance$82,935
Benefits paid to participants$2,930,734
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.5M · 609 accts · $1.4M emplr
2023$43.1M · 720 accts · $1.4M emplr
2022$35.0M · 667 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$141,233
Investment management$30,000
Total administrative$171,233
Employer contributions to the Greenpath, Inc. plan · 2024
Employer contribution per active participant$2,928
Median for plans this size$2,416
2024$2,928 per active participant
2023$2,756 per active participant
2022$2,813 per active participant

Greenpath, Inc.'s 2024 employer contribution ran above 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 · 20242
LINCOLN RETIREMENT SERVICES · Contract administrator$141,233
CAPFINANCIAL PARTNERS · Consulting$30,000

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$171,233 · 0.37%
2023$156,233 · 0.40%
2022$101,508 · 0.27%
Same employer
Similar plansFinance & Insurance · Michigan
Bank of Ann Arbor MI$63.3M · 0.05%
Lake Trust Credit Union MI$53.0M · 0.29%
Ibew Local Union 129 MI$52.5M · 0.10%
Consumers Credit Union MI$50.0M · 0.27%
C.S. Mott Foundation MI$47.5M · 0.00%
Honor Credit Union MI$40.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386142925 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.