Plan Ledger DOL Form 5500 · updated monthly

Lakeshore Legal Aid403(b)

LAKESHORE LEGAL AID 403(B) PLAN · WARREN, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Lakeshore Legal Aid reported $4,317 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $992 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 0.12% to 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (2,222nd of 2,619), and 10,449th of 11,654 in professional & technical services. In 2024, employees put in $2.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,246,761
Participants with balances171
Active participants213
Employer contributions$211,201
Employee contributions$594,776
Employer contribution per active participant$992
Average account balance$18,987
Benefits paid to participants$136,708
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 171 accts · $211K emplr
2023$2.3M · 38 accts · $127K emplr
2022$1.6M · 86 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$150
Investment management$4,167
Total administrative$4,317
Employer contributions to the Lakeshore Legal Aid plan · 2024
Employer contribution per active participant$992
Median for plans this size$1,313
2024$992 per active participant
2023$532 per active participant
2022$429 per active participant

Lakeshore Legal Aid'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 · 20241
EQUITABLE FINANCIALS LIFE INSURANCE · Investment management · Trustee (directed)$13

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$4,317 · 0.16%
2023$1,900 · 0.10%
2022$1,810 · 0.12%
Same employer
Similar plansProfessional & Technical Services · Michigan
Powder Cote II, Inc. MI$3.7M · 0.59%
24G, LLC MI$3.5M · 0.29%
123. Net, Inc MI$3.3M · 0.27%
Weber & Olcese, P.L.C. MI$3.1M · 0.14%
Akka USA LLC MI$3.1M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381850908 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.