Plan Ledger DOL Form 5500 · updated monthly

Integrity Educational Services401(k)

INTEGRITY EDUCATIONAL SERVICES 401(K) PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Integrity Educational Services reported $43,577 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $349 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 0.99% to 0.86%. 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 (1,976th of 2,619), and 2,489th of 3,091 in educational services. In 2024, employees put in $8.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,280,513
Participants with balances213
Active participants152
Employer contributions$52,979
Employee contributions$463,369
Employer contribution per active participant$349
Average account balance$24,791
Benefits paid to participants$565,359
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 213 accts · $53K emplr
2023$4.8M · 284 accts · $129K emplr
2022$3.9M · 242 accts · $96K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,783
Investment management$294
Audit (IQPA)$8,500
Total administrative$43,577
The Integrity Educational Services 401(k) match · 2024
Employer contribution per active participant$349
Median for plans this size$1,313
2024$349 per active participant
2023$850 per active participant
2022$660 per active participant

Integrity Educational Services's 2024 employer contribution ran below the $1,313 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$34,783
HUNGERFORD · Accounting / audit$8,500

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$43,577 · 0.86%
2023$36,199 · 0.83%
2022$36,182 · 0.99%
Same employer
Similar plansEducational Services · Michigan
Perry Johnson, Inc. MI$5.8M · 0.02%
Starr Commonwealth MI$5.7M · 0.10%
Eton Academy MI$5.4M · 0.00%
Rochester University MI$4.7M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273666690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.