Plan Ledger DOL Form 5500 · updated monthly

La Petite Academy, Inc.401(k)

LEARNING CARE GROUP RETIREMENT SAVINGS PLAN · CAROL STREAM, MI · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

La Petite Academy, Inc. reported $394,420 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $119 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 0.38% to 0.42%. 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 292nd-largest of 2,619 plans among Michigan employers on file, and the 521st of 3,091 in educational services. In 2024, employees put in $4.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$101,171,373
Participants with balances4,386
Active participants19,717
Employer contributions$2,343,949
Employee contributions$9,486,716
Employer contribution per active participant$119
Average account balance$23,067
Benefits paid to participants$9,752,077
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$101.2M · 4,386 accts · $2.3M emplr
2023$88.3M · 4,205 accts · $2.2M emplr
2022$73.1M · 4,737 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$356,920
Investment management$37,500
Total administrative$394,420
The La Petite Academy, Inc. 401(k) match · 2024
Employer contribution per active participant$119
Median for plans this size$3,635
2024$119 per active participant
2023$121 per active participant
2022$131 per active participant

La Petite Academy, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$318,834
BKS RETIREMENT SERVICES · Investment management$30,000
PLANTE & MORAN PLLC · Accounting / audit$27,000
UHY LLP · Accounting / audit$11,085
BALDWIN GROUP WEALTH ADVISORS LLC · Investment management$7,500

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$394,420 · 0.42%
2023$340,581 · 0.42%
2022$289,944 · 0.38%
Same employer
Similar plansEducational Services · Michigan
Davenport University MI$164.2M · 0.11%
Albion College MI$143.2M · 0.12%
Kalamazoo College MI$132.6M · 0.18%
Detroit Country Day School MI$105.9M · 0.10%
Thomas M Cooley Law School MI$65.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431243221 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.