Plan Ledger DOL Form 5500 · updated monthly

Hillsdale College403(b)

HILLSDALE COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN · HILLSDALE, 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

Hillsdale College reported $345,924 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $6,906 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 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 148th-largest of 2,619 plans among Michigan employers on file, and the 272nd of 3,091 in educational services. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$205,382,493
Participants with balances1,256
Active participants836
Employer contributions$5,773,201
Employee contributions$4,889,944
Employer contribution per active participant$6,906
Average account balance$163,521
Benefits paid to participants$7,783,407
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$205.4M · 1,256 accts · $5.8M emplr
2023$178.5M · 1,161 accts · $5.3M emplr
2022$151.3M · 1,211 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,803
Investment management$241,121
Total administrative$345,924
Employer contributions to the Hillsdale College plan · 2024
Employer contribution per active participant$6,906
Median for plans this size$3,635
2024$6,906 per active participant
2023$6,415 per active participant
2022$6,068 per active participant

Hillsdale College's 2024 employer contribution ran above the $3,635 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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$98,322
TIAA-CREF$1,503,774
TFO-TDC LLC · Consulting$241,121
VANGUARD$4,892
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect 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
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$345,924 · 0.18%
2023$330,375 · 0.20%
2022$305,626 · 0.19%
Same employer
Similar plansEducational Services · Michigan
Calvin University MI$234.7M · 0.11%
Hope College MI$207.5M · 0.10%
Kettering University MI$201.1M · 0.22%
Davenport University MI$164.2M · 0.11%
Albion College MI$143.2M · 0.12%
Kalamazoo College MI$132.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381374230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.