Plan Ledger DOL Form 5500 · updated monthly

Milestones Child Development Center, LLC401(k)

MILESTONES CHILD DEVELOPMENT CENTER 401(K) PLAN · CALEDONIA, MI · plan year 2022

Reported admin expense ratio · 2022
1.18%

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

Milestones Child Development Center, LLC reported $3,037 in plan administrative expenses for 2022: 1.18% of average plan assets, above the peer median. Employer contributions averaged $119 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,579th of 2,619), and 11,600th of 11,911 in health care & social assistance. In 2022, employees put in $5.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$271,842
Participants with balances26
Active participants102
Employer contributions$12,186
Employee contributions$71,656
Employer contribution per active participant$119
Average account balance$10,455
Benefits paid to participants$718
Plan auditUnmodified (clean) audit opinion
AuditorHELMHOLDT+COMPANY LLP, CPAS
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,037
Total administrative$3,037
The Milestones Child Development Center, LLC 401(k) match · 2022
Employer contribution per active participant$119
Median for plans this size$331

Milestones Child Development Center, LLC's 2022 employer contribution ran below the $331 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,037 · 1.18%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 201762611 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.