Plan Ledger DOL Form 5500 · updated monthly

Hillsdale Community Health Center403(b)

HILLSDALE HOSPITAL 403(B) PLAN · HILLSDALE, MI · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Hillsdale Community Health Center reported $100,612 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $938 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 0.36% to 0.38%. 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 847th-largest of 2,619 plans among Michigan employers on file, and the 3,007th of 11,911 in health care & social assistance. In 2024, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,918,233
Participants with balances397
Active participants568
Employer contributions$533,065
Employee contributions$1,516,295
Employer contribution per active participant$938
Average account balance$67,804
Benefits paid to participants$2,766,878
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 397 accts · $533K emplr
2023$25.4M · 385 accts · $544K emplr
2022$21.9M · 389 accts · $497K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,600
Investment management$65,012
Total administrative$100,612
Employer contributions to the Hillsdale Community Health Center plan · 2024
Employer contribution per active participant$938
Median for plans this size$2,416
2024$938 per active participant
2023$1,004 per active participant
2022$936 per active participant

Hillsdale Community Health Center'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 · 20242
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$65,012
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$35,600

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$100,612 · 0.38%
2023$89,456 · 0.38%
2022$84,912 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
The Hurley Clinic MI$29.1M · 0.01%
Redwood Dental Group MI$28.4M · 0.33%
Mendelson Orthopedics, P.C. MI$27.4M · 0.16%
Eversight MI$26.2M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386005550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.