Plan Ledger DOL Form 5500 · updated monthly

Holland Christian Education Society403(b)

HOLLAND CHRISTIAN SCHOOLS 403(B) PLAN · HOLLAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Holland Christian Education Society reported $44,700 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $1,071 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 0.92% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (1,762nd of 2,619), and 2,307th of 3,091 in educational services. In 2024, employees put in $3.50 for every $1.00 the employer contributed; active participation has shrunk from 468 to 207 since 2022.

Plan summary
Net assets, end of year$7,334,890
Participants with balances210
Active participants207
Employer contributions$221,607
Employee contributions$776,502
Employer contribution per active participant$1,071
Average account balance$34,928
Benefits paid to participants$120,813
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 210 accts · $222K emplr
2023$5.8M · 176 accts · $234K emplr
2022$4.5M · 207 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,700
Total administrative$44,700
Employer contributions to the Holland Christian Education Society plan · 2024
Employer contribution per active participant$1,071
Median for plans this size$1,313
2024$1,071 per active participant
2023$555 per active participant
2022$512 per active participant

Holland Christian Education Society's 2024 employer contribution ran below the $1,313 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 · 20241
PENSERV · Recordkeeping$87

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

Recordkeeper by year2
2024PENSERV
2023PENSERV

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

Administrative cost history3
2024$44,700 · 0.68%
2023$38,488 · 0.75%
2022$35,088 · 0.92%
Similar plansEducational Services · Michigan
Edustaff, LLC MI$9.9M · 1.01%
Perry Johnson, Inc. MI$5.8M · 0.02%
Starr Commonwealth MI$5.7M · 0.10%
Eton Academy MI$5.4M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381416520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.