Plan Ledger DOL Form 5500 · updated monthly

Mid Michigan Health Services dba Midmichigan Community Health Services403(b)

MIDMICHIGAN HEALTH SERVICES EMPLOYEES SAVINGS PLAN · HOUGHTON LAKE, MI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Mid Michigan Health Services dba Midmichigan Community Health Services reported $18,103 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,096 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 0.24%. 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 (1,709th of 2,619), and 1,877th of 3,341 in other services. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,931,457
Participants with balances132
Active participants114
Employer contributions$352,935
Employee contributions$657,550
Employer contribution per active participant$3,096
Average account balance$60,087
Benefits paid to participants$880,555
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 132 accts · $353K emplr
2023$6.9M · 119 accts · $362K emplr
2022$5.1M · 116 accts · $314K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,103
Total administrative$18,103
Employer contributions to the Mid Michigan Health Services dba Midmichigan Community Health Services plan · 2024
Employer contribution per active participant$3,096
Median for plans this size$1,313
2024$3,096 per active participant
2023$3,697 per active participant
2022$2,910 per active participant

Mid Michigan Health Services dba Midmichigan Community Health Services's 2024 employer contribution ran above the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$18,103
OSAIC WEALTH INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$18,103 · 0.24%
2023$1,200 · 0.02%
2022$900 · 0.02%
Similar plansOther Services · Michigan
John Ball Zoo MI$8.2M · 0.02%
Thresholds, Inc. MI$7.5M · 0.01%
Burnips Equipment Company MI$7.3M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382168007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.