Plan Ledger DOL Form 5500 · updated monthly

Insight Management and Consult401(k)

INSIGHT MANAGEMENT AND CONSULT 401(K) PS PLAN AND TRUST · FLINT, MI · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Insight Management and Consult reported $35,454 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $1,289 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 0.80% to 0.44%. 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 (1,581st of 2,619), and the 5,928th of 11,911 in health care & social assistance. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 356 to 458 since 2022.

Plan summary
Net assets, end of year$9,338,646
Participants with balances309
Active participants458
Employer contributions$590,134
Employee contributions$1,199,364
Employer contribution per active participant$1,289
Average account balance$30,222
Benefits paid to participants$379,090
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 309 accts · $590K emplr
2023$6.7M · 237 accts · $513K emplr
2022$4.6M · 214 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,958
Investment management$31,496
Total administrative$35,454
The Insight Management and Consult 401(k) match · 2024
Employer contribution per active participant$1,289
Median for plans this size$1,313
2024$1,289 per active participant
2023$1,518 per active participant
2022$1,095 per active participant

Insight Management and Consult'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 · 20244
NFP RETIREMENT INC · Investment advisory (plan)$7,198
EMPOWER ADVISORY GROUP, LLC · Investment management$131

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$35,454 · 0.44%
2023$44,566 · 0.79%
2022$34,842 · 0.80%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
The Lighthouse, Inc. MI$9.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262553688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.