Plan Ledger DOL Form 5500 · updated monthly

Michigan Community Services Inc.401(k)

MICHIGAN COMMUNITY SERVICES INC. 401K PROFIT-SHARING PLAN · SWARTZ CREEK, MI · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Michigan Community Services Inc. reported $11,786 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $115 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 rose from 0.02% to 0.22%. 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 (1,948th of 2,619), and 7,580th of 11,911 in health care & social assistance. In 2024, employees put in $4.73 for every $1.00 the employer contributed; active participation has grown from 506 to 561 since 2022.

Plan summary
Net assets, end of year$5,608,895
Participants with balances162
Active participants561
Employer contributions$64,484
Employee contributions$305,225
Employer contribution per active participant$115
Average account balance$34,623
Benefits paid to participants$805,934
Plan auditUnmodified (clean) audit opinion
AuditorROBERT F MURRAY & COMPANY CPAS P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 162 accts · $64K emplr
2023$5.3M · 157 accts · $57K emplr
2022$5.1M · 154 accts · $55K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$786
Audit (IQPA)$11,000
Total administrative$11,786
The Michigan Community Services Inc. 401(k) match · 2024
Employer contribution per active participant$115
Median for plans this size$1,313
2024$115 per active participant
2023$115 per active participant
2022$109 per active participant

Michigan Community Services Inc.'s 2024 employer contribution ran below the $1,313 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.

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 · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$1,762
ROBERT F MURRAY & COMPANY CPAS P.C. · Accounting / audit$11,000

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$11,786 · 0.22%
2023$944 · 0.02%
2022$896 · 0.02%
Similar plansHealth Care & Social Assistance · Michigan
Strata Oncology, Inc. MI$5.7M · 0.08%
Hema-Tec, Inc. MI$5.6M · 0.35%
Rockwell Medical, Inc. MI$5.4M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382443447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.