Lutheran Homes of Michigan, Inc403(b)
WELLSPRING SENIOR SUPPORT SERVICES 403(B) RETIREMENT PLAN · SAGINAW, MI · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Lutheran Homes of Michigan, Inc reported $62,772 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $206 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 0.35% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,211th-largest of 2,619 plans among Michigan employers on file, and the 4,332nd of 11,911 in health care & social assistance. In 2023, employees put in $5.96 for every $1.00 the employer contributed.
Lutheran Homes of Michigan, Inc's 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 381358410 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.