Plan Ledger DOL Form 5500 · updated monthly

Mel Trotter Ministries403(b)

MEL TROTTER MINISTRIES RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2022

Employer contribution per participant · 2022
$0

Mel Trotter Ministries's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,590,838 across 82 participant accounts, with employer contributions averaging $0 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,297th of 2,619), and 9,563rd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,590,838
Participants with balances82
Active participants151
Employer contributions$0
Employee contributions$179,005
Employer contribution per active participant$0
Average account balance$31,596
Benefits paid to participants$117,167
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD NICHOLS
Employer contributions to the Mel Trotter Ministries plan · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Mel Trotter Ministries's 2022 employer contribution ran below the $1,114 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.

Similar plansHealth Care & Social Assistance · Michigan
Health Call of Detroit MI$2.7M · 0.35%
Residential Options, Inc. MI$2.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381410467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.