Plan Ledger DOL Form 5500 · updated monthly

Michigan Education Association401(k)

MEA, MESSA, MEA FINANCIAL SERVICES EMPLOYEE DEFERRED COMPENSATION PLAN · EAST LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.17%

Michigan Education Association reported $86,274 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. 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 fell from 0.18% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 489th-largest of 2,619 plans among Michigan employers on file, and the 405th of 3,341 in other services.

Plan summary
Net assets, end of year$53,914,807
Participants with balances406
Active participants521
Employer contributions—
Employee contributions$2,497,564
Employer contribution per active participant—
Average account balance$132,795
Benefits paid to participants$4,091,660
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.9M · 406 accts
2023$47.9M · 414 accts
2022$44.2M · 432 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,111
Investment management$36,163
Total administrative$86,274
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
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$50,111
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$36,163

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$86,274 · 0.17%
2023$79,183 · 0.17%
2022$90,841 · 0.18%
Same employer
Similar plansOther Services · Michigan
Trion Solutions, Inc. MI$106.6M · 0.35%
Peckham, Inc. MI$67.2M · 0.41%
The Kresge Foundation MI$63.1M · 0.02%
Beaumont Health MI$48.8M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 380827000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.