Plan Ledger DOL Form 5500 · updated monthly

Hospice of Muskegon County, Inc403(b)

HOSPICE OF MUSKEGON COUNTY INC 403(B) RETIREMENT PLAN · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Hospice of Muskegon County, Inc reported $38,416 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,184 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 0.29% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (1,934th of 2,619), and 7,520th of 11,911 in health care & social assistance. In 2024, employees put in $3.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,700,744
Participants with balances148
Active participants119
Employer contributions$140,842
Employee contributions$460,501
Employer contribution per active participant$1,184
Average account balance$38,519
Benefits paid to participants$614,708
Plan auditUnmodified (clean) audit opinion
AuditorBRICKLEY DELONG, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 148 accts · $141K emplr
2023$5.1M · 138 accts · $126K emplr
2022$4.4M · 145 accts · $122K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,947
Investment management$21,469
Total administrative$38,416
Employer contributions to the Hospice of Muskegon County, Inc plan · 2024
Employer contribution per active participant$1,184
Median for plans this size$1,313
2024$1,184 per active participant
2023$1,128 per active participant
2022$1,016 per active participant

Hospice of Muskegon County, Inc'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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$16,947
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$21,469

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$38,416 · 0.71%
2023$32,152 · 0.68%
2022$13,866 · 0.29%
Similar plansHealth Care & Social Assistance · Michigan
Baruch Sls MI$5.9M · 0.66%
Strata Oncology, Inc. MI$5.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382415247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.