Plan Ledger DOL Form 5500 · updated monthly

McBride Quality Care Services, Inc.401(k)

MCBRIDE QUALITY CARE SERVICES, INC. 401(K) PLAN · MOUNT PLEASANT, MI · plan year 2024

Reported admin expense ratio · 2024
1.79%

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

McBride Quality Care Services, Inc. reported $7,314 in plan administrative expenses for 2024: 1.79% of average plan assets, above the peer median. Employer contributions averaged $1,015 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,521st of 2,619), and 11,161st of 11,911 in health care & social assistance. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$705,040
Participants with balances178
Active participants264
Employer contributions$267,895
Employee contributions$322,270
Employer contribution per active participant$1,015
Average account balance$3,961
Benefits paid to participants$29,134
Plan auditUnmodified (clean) audit opinion
AuditorRFM GROUP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,230
Investment management$84
Total administrative$7,314
The McBride Quality Care Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,015
Median for plans this size$540

McBride Quality Care Services, Inc.'s 2024 employer contribution ran above the $540 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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$4,885
LATITUDE SERVICE COMPANY, INC. · Recordkeeping · Loan processing$2,345
MESIROW FINANCIAL, INC. · Investment advisory (plan)$84

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$7,314 · 1.79%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Forefront Healthcare LLC MI$748K · 1.29%
Lakeland Services, Inc. MI$646K · 1.13%
Family Tree Care MI$561K · 2.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382905688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.