Plan Ledger DOL Form 5500 · updated monthly

Mercy Plus401(k)

MERCY PLUS 401(K) PLAN · FLUSHING, MI · plan year 2022

Reported admin expense ratio · 2022
5.27%

Mercy Plus reported $19,032 in plan administrative expenses for 2022: 5.27% 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,557th of 2,619), and 11,425th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$435,503
Participants with balances222
Active participants242
Employer contributions—
Employee contributions$333,332
Employer contribution per active participant—
Average account balance$1,962
Benefits paid to participants$129,812
Plan auditUnmodified (clean) audit opinion
AuditorLOTITO & LAZZARA, P.C.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$19,032
Total administrative$19,032
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$19,032 · 5.27%
Similar plansHealth Care & Social Assistance · Michigan
Family Tree Care MI$561K · 2.32%
Vista Grande Villa MI$517K · 0.54%
Smart Start Corporation MI$414K · 0.33%
Cedar Creek LLC MI$348K · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270961298 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.