Plan Ledger DOL Form 5500 · updated monthly

Living Alternatives for the Developmentally Disabled, Inc.403(b)

LIVING ALTERNATIVES FOR THE DEVELOPMENTALLY DISABLED, INC. RETIREMENT SAVINGS PLAN · DOWAGIAC, MI · plan year 2023

Reported admin expense ratio · 2023
1.03%

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

Living Alternatives for the Developmentally Disabled, Inc. reported $36,262 in plan administrative expenses for 2023: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $250 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 1.62% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,138th of 2,619), and 8,594th of 11,911 in health care & social assistance. In 2023, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,934,192
Participants with balances138
Active participants521
Employer contributions$130,000
Employee contributions$285,156
Employer contribution per active participant$250
Average account balance$28,509
Benefits paid to participants$56,680
Plan auditUnmodified (clean) audit opinion
AuditorMANER COSTERISAN PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 147 accts · $130K emplr
2023$3.9M · 138 accts · $130K emplr
2022$3.1M · 128 accts · $130K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,205
Investment management$13,057
Total administrative$36,262
Employer contributions to the Living Alternatives for the Developmentally Disabled, Inc. plan · 2023
Employer contribution per active participant$250
Median for plans this size$1,308
2024$249 per active participant
2023$250 per active participant
2022$266 per active participant

Living Alternatives for the Developmentally Disabled, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
CAMBRIDGE INVESTMENT RESEARCH INC. · Investment advisory (plan)$13,057

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$15,582 · 0.41%
2023$36,262 · 1.03%
2022$51,272 · 1.62%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Community Living Options MI$4.1M · 0.04%
Theoria Medical PLLC MI$4.1M · 0.27%
Community Programs, Inc. MI$4.1M · 0.88%
Matrix Human Services MI$4.0M · 1.25%
Allure Medical Spa MI$3.9M · 0.37%
Custom Home Health, Inc. MI$3.8M · 0.53%
Hurley Practice MI$3.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382213535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.