Plan Ledger DOL Form 5500 · updated monthly

Kalamazoo College403(b)

KALAMAZOO COLLEGE DEFINED CONTRIBUTION RETIREMENT PLAN · KALAMAZOO, MI · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Kalamazoo College reported $226,440 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $5,071 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 rose from 0.06% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 215th-largest of 2,619 plans among Michigan employers on file, and the 419th of 3,091 in educational services. In 2024, employees put in $1.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$132,614,564
Participants with balances870
Active participants371
Employer contributions$1,881,519
Employee contributions$1,888,815
Employer contribution per active participant$5,071
Average account balance$152,431
Benefits paid to participants$10,727,498
Plan auditDisclaimer of opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $1.3M emplr
2024$132.6M · 870 accts · $1.9M emplr
2023$125.8M · 910 accts · $2.0M emplr
2022$114.5M · 922 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,716
Investment management$45,810
Audit (IQPA)$25,850
Total administrative$226,440
Employer contributions to the Kalamazoo College plan · 2024
Employer contribution per active participant$5,071
Median for plans this size$3,635
2024$5,071 per active participant
2023$5,298 per active participant
2022$4,069 per active participant

Kalamazoo College's 2024 employer contribution ran above the $3,635 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 · 20243
TIAA CREF · Investment management$62,716
ONE DIGITAL INVESTMENT ADVISORS · Investment management · Investment advisory (plan)$45,810
PLANTE & MORAN, LLC · Accounting / audit$25,850

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

Administrative cost history4
2025Not separately reported
2024$226,440 · 0.18%
2023$78,067 · 0.06%
2022$71,758 · 0.06%
Same employer
Similar plansEducational Services · Michigan
Hillsdale College MI$205.4M · 0.18%
Kettering University MI$201.1M · 0.22%
Davenport University MI$164.2M · 0.11%
Albion College MI$143.2M · 0.12%
Detroit Country Day School MI$105.9M · 0.10%
La Petite Academy, Inc. MI$101.2M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381358014 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.