Plan Ledger DOL Form 5500 · updated monthly

Hillel Day School of Metropolitan Detroit403(b)

HILLEL DAY SCHOOL OF METROPOLITAN DETROIT TAX SHELTER ANNUITY PLAN · FARMINGTON HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Hillel Day School of Metropolitan Detroit reported $36,332 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,684 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 0.184%. 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 997th-largest of 2,619 plans among Michigan employers on file, and 1,561st of 3,091 in educational services. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,105,136
Participants with balances184
Active participants157
Employer contributions$421,466
Employee contributions$977,987
Employer contribution per active participant$2,684
Average account balance$114,702
Benefits paid to participants$794,671
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.1M · 184 accts · $421K emplr
2023$18.3M · 196 accts · $411K emplr
2022$15.5M · 186 accts · $381K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,332
Total administrative$36,332
Employer contributions to the Hillel Day School of Metropolitan Detroit plan · 2024
Employer contribution per active participant$2,684
Median for plans this size$2,416
2024$2,684 per active participant
2023$2,812 per active participant
2022$2,537 per active participant

Hillel Day School of Metropolitan Detroit'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$33,412
THE BENEFIT ADVANTAGE, INC. · Contract administrator · Other services$2,250
RAYMOND JAMES & ASSOCIATES · Other servicesindirect 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$36,332 · 0.18%
2023$28,343 · 0.17%
2022$27,280 · 0.18%
Similar plansEducational Services · Michigan
Michigan Virtual University MI$24.0M · 0.25%
Olivet College MI$23.9M · 0.23%
Emerson School MI$18.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381586703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.