Plan Ledger DOL Form 5500 · updated monthly

Hackley Community Care Center, Inc.403(b)

HACKLEY COMMUNITY CARE CENTER, INC. 403(B) PLAN · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Hackley Community Care Center, Inc. reported $91,758 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,110 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 0.81% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,176th-largest of 2,619 plans among Michigan employers on file, and the 4,207th of 11,911 in health care & social assistance. In 2024, employees put in $4.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,504,754
Participants with balances341
Active participants299
Employer contributions$331,799
Employee contributions$1,465,239
Employer contribution per active participant$1,110
Average account balance$48,401
Benefits paid to participants$1,354,633
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 341 accts · $332K emplr
2023$14.2M · 329 accts · $283K emplr
2022$11.7M · 318 accts · $296K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,697
Investment management$43,061
Total administrative$91,758
Employer contributions to the Hackley Community Care Center, Inc. plan · 2024
Employer contribution per active participant$1,110
Median for plans this size$2,416
2024$1,110 per active participant
2023$947 per active participant
2022$1,042 per active participant

Hackley Community Care Center, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$48,693
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$43,061
SCHWAB · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$91,758 · 0.60%
2023$86,901 · 0.67%
2022$102,409 · 0.81%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Hegira Health, Inc. MI$17.6M · 0.44%
Eaton Rapids Medical Center MI$17.2M · 0.58%
West Michigan Dermatology MI$16.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383014011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.