Plan Ledger DOL Form 5500 · updated monthly

Milwaukee Center for Independence, Inc.403(b)

MILWAUKEE CENTER FOR INDEPENDENCE, INC. AND AFFILIATES 403(B) PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Milwaukee Center for Independence, Inc. reported $182,141 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,820 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 0.79%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 736th-largest of 1,936 plans among Wisconsin employers on file, and the 3,173rd of 11,911 in health care & social assistance. In 2024, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,798,244
Participants with balances845
Active participants761
Employer contributions$1,384,650
Employee contributions$2,051,381
Employer contribution per active participant$1,820
Average account balance$29,347
Benefits paid to participants$2,867,336
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 845 accts · $1.4M emplr
2023$21.4M · 799 accts · $1.3M emplr
2022$16.9M · 793 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$118,606
Investment management$60,520
Total administrative$182,141
Employer contributions to the Milwaukee Center for Independence, Inc. plan · 2024
Employer contribution per active participant$1,820
Median for plans this size$2,416
2024$1,820 per active participant
2023$1,727 per active participant
2022$1,575 per active participant

Milwaukee Center for Independence, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20245
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$49,799
EGPS · Contract administrator$41,761
EMPOWER ADVISORY GROUP, LLC · Investment management$10,721
ECONOMIC GROUP PENSION SERVICES LLC · Contract administrator$3,962

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$182,141 · 0.79%
2023$162,526 · 0.85%
2022$147,247 · 0.81%
Same employer
Similar plansHealth Care & Social Assistance · Wisconsin
Green Bay Oncology, LTD WI$23.0M · 0.22%
Bell Ambulance, Inc. WI$21.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390806257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.