Plan Ledger DOL Form 5500 · updated monthly

Jewish Federation of Metropolitan Detroit403(b)

JEWISH FEDERATION OF METROPOLITAN DETROIT 403(B) PLAN · BLOOMFIELD HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Jewish Federation of Metropolitan Detroit reported $84,789 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $853 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 0.25% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 737th-largest of 2,619 plans among Michigan employers on file, and the 663rd of 3,341 in other services. In 2024, employees put in $3.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,444,067
Participants with balances428
Active participants686
Employer contributions$585,277
Employee contributions$2,041,503
Employer contribution per active participant$853
Average account balance$75,804
Benefits paid to participants$1,750,630
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 428 accts · $585K emplr
2023$27.8M · 614 accts · $2K emplr
2022$23.0M · 518 accts · $524K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,789
Total administrative$84,789
Employer contributions to the Jewish Federation of Metropolitan Detroit plan · 2024
Employer contribution per active participant$853
Median for plans this size$2,416
2024$853 per active participant
2023$3 per active participant
2022$723 per active participant

Jewish Federation of Metropolitan Detroit'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
UBS FINANCIAL SERVICES, INC. · Investment advisory (participants) · Investment advisory (plan)$57,865
ASCENSUS · Contract administrator · Loan processing$30,404

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$84,789 · 0.28%
2023$74,741 · 0.29%
2022$61,800 · 0.25%
Similar plansOther Services · Michigan
Fraunhofer USA MI$44.0M · 0.09%
The Ave Maria Foundation MI$27.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381359214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.