Plan Ledger DOL Form 5500 · updated monthly

Matrix Human Services403(b)

MATRIX HUMAN SERVICES TAX SHELTERED ANNUITY PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
1.25%

Matrix Human Services reported $47,512 in plan administrative expenses for 2024: 1.25% of average plan assets, higher than ~90% of peers. 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 1.02% to 1.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,133rd of 2,619), and 8,570th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,978,411
Participants with balances219
Active participants434
Employer contributions—
Employee contributions$382,730
Employer contribution per active participant—
Average account balance$18,166
Benefits paid to participants$338,834
Plan auditUnmodified (clean) audit opinion
AuditorALAN C YOUNG AND ASSOCIATES PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 219 accts
2023$3.6M · 216 accts
2022$3.0M · 236 accts · $960 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,695
Investment management$12,817
Total administrative$47,512
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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$29,895
SECURE ASSET MANAGEMENT · Investment advisory (plan)$12,817
MAP RETIREMENT · Contract administrator · Other services$4,800
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$47,512 · 1.25%
2023$37,557 · 1.13%
2022$32,725 · 1.02%
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%
Allure Medical Spa MI$3.9M · 0.37%
Custom Home Health, Inc. MI$3.8M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381358015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.