Plan Ledger DOL Form 5500 · updated monthly

Michigan Public Health Institute403(b)

MICHIGAN PUBLIC HEALTH INSTITUTE 403(B) RETIREMENT SAVINGS PLAN · OKEMOS, MI · plan year 2025

Reported admin expense ratio · 2025
0.14%

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

Michigan Public Health Institute reported $165,770 in plan administrative expenses for 2025: 0.14% of average plan assets, above the peer median. Employer contributions averaged $7,075 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 fell from 0.27% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other professional & technical services employers. By assets it is the 214th-largest of 2,619 plans among Michigan employers on file, and the 1,170th of 11,654 in professional & technical services. In 2025, the employer put in $1.24 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$133,459,713
Participants with balances1,716
Active participants1,062
Employer contributions$7,513,748
Employee contributions$6,053,230
Employer contribution per active participant$7,075
Average account balance$77,774
Benefits paid to participants$7,863,462
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$133.5M · 1,716 accts · $7.5M emplr
2024$108.1M · 1,740 accts · $7.5M emplr
2023$86.0M · 1,678 accts · $6.3M emplr
2022$66.4M · 1,561 accts · $5.4M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$157,322
Investment management$8,448
Total administrative$165,770
Employer contributions to the Michigan Public Health Institute plan · 2025
Employer contribution per active participant$7,075
Median for plans this size$4,093
2025$7,075 per active participant
2024$6,498 per active participant
2023$5,832 per active participant
2022$5,424 per active participant

Michigan Public Health Institute's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
FIDELITY INVEST. INST. OPR. CO. · Loan processing$165,677
EQUITABLE FINANCIAL LIFE INS CO · Loan processing · Investment management$93

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

Administrative cost history4
2025$165,770 · 0.14%
2024$164,834 · 0.17%
2023$129,672 · 0.17%
2022$190,389 · 0.27%
Same employer
Similar plansProfessional & Technical Services · Michigan
Bodman PLC MI$161.3M · 0.12%
Serra Automotive, Inc. MI$150.6M · 0.31%
Akebono Brake Corporation MI$148.1M · 0.05%
Logicalis, Inc. MI$125.3M · 0.35%
Merative US L.P. MI$117.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382963835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.