Plan Ledger DOL Form 5500 · updated monthly

Michigan Health & Hospital Association401(k)

MICHIGAN HEALTH & HOSPITAL ASSOCIATION 401(K) THRIFT & SAVINGS PLAN · OKEMOS, MI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Michigan Health & Hospital Association reported $88,379 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $14,541 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 fell from 0.68% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 725th-largest of 2,619 plans among Michigan employers on file, and the 425th of 2,534 in administrative & support services. In 2024, the employer put in $1.38 for every $1.00 employees contributed themselves; active participation has shrunk from 146 to 99 since 2022.

Plan summary
Net assets, end of year$33,156,328
Participants with balances136
Active participants99
Employer contributions$1,439,579
Employee contributions$1,042,073
Employer contribution per active participant$14,541
Average account balance$243,797
Benefits paid to participants$5,230,289
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 136 accts · $1.4M emplr
2023$31.7M · 147 accts · $1.4M emplr
2022$32.8M · 192 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,242
Trustee / custodial$3,137
Total administrative$88,379
The Michigan Health & Hospital Association 401(k) match · 2024
Employer contribution per active participant$14,541
Median for plans this size$2,416
2024$14,541 per active participant
2023$13,564 per active participant
2022$7,662 per active participant

Michigan Health & Hospital Association's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$88,379

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$88,379 · 0.27%
2023$95,054 · 0.29%
2022$246,473 · 0.68%
Similar plansAdministrative & Support Services · Michigan
Axios Incorporated MI$63.4M · 0.42%
Hope Network MI$54.6M · 0.37%
Morley Companies, Inc. MI$46.8M · 0.29%
Bio-Serv Corporation MI$35.5M · 0.27%
Exhibit Works, Inc. MI$31.9M · 0.41%
W&P Management, LLC MI$29.0M · 0.43%
Rdv Staffing, Inc. MI$27.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381458751 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.