Plan Ledger DOL Form 5500 · updated monthly

Michigan Humane Society403(b)

MICHIGAN HUMANE SOCIETY 403(B) PLAN · BINGHAM FARMS, MI · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Michigan Humane Society reported $60,711 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $1,041 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 3 years on file its reported administrative ratio has held roughly steady near 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (1,629th of 2,619), and 1,783rd of 3,341 in other services. In 2024, employees put in $3.04 for every $1.00 the employer contributed; active participation has shrunk from 229 to 203 since 2022.

Plan summary
Net assets, end of year$8,759,050
Participants with balances277
Active participants203
Employer contributions$211,248
Employee contributions$643,077
Employer contribution per active participant$1,041
Average account balance$31,621
Benefits paid to participants$679,128
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 277 accts · $211K emplr
2023$7.7M · 340 accts · $210K emplr
2022$6.2M · 339 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,774
Investment management$20,054
Trustee / custodial$2,005
Total administrative$60,711
Employer contributions to the Michigan Humane Society plan · 2024
Employer contribution per active participant$1,041
Median for plans this size$1,313
2024$1,041 per active participant
2023$958 per active participant
2022$948 per active participant

Michigan Humane Society's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20243
SENTINEL BENEFIT GROUP, INC. · Recordkeeping · Consulting$36,774
MUTUAL OF AMERICA LIFE INSURANCE CO · Claims processing · Recordkeeping$203
SENTINEL PENSION ADVISORS · Consulting · Investment advisory (participants)$20,054

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

Recordkeeper by year2
2024Mutual of America, SENTINEL BENEFIT GROUP, INC.
2023Mutual of America, SENTINEL BENEFIT GROUP, INC.

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

Administrative cost history3
2024$60,711 · 0.74%
2023$52,296 · 0.76%
2022$49,819 · 0.77%
Same employer
Similar plansOther Services · Michigan
K S Services, Inc. MI$9.7M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381358206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.