Plan Ledger DOL Form 5500 · updated monthly

My Community Dental Centers, Inc.403(b)

MY COMMUNITY DENTAL CENTERS, INC. 403(B) PLAN · PETOSKEY, MI · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

My Community Dental Centers, Inc. reported $111,029 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,176 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 0.56%. 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 1,001st-largest of 2,619 plans among Michigan employers on file, and the 3,549th of 11,911 in health care & social assistance. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,036,721
Participants with balances308
Active participants386
Employer contributions$839,745
Employee contributions$1,758,177
Employer contribution per active participant$2,176
Average account balance$68,301
Benefits paid to participants$2,632,791
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.0M · 308 accts · $840K emplr
2023$18.9M · 321 accts · $764K emplr
2022$15.9M · 319 accts · $634K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,951
Investment management$51,078
Total administrative$111,029
Employer contributions to the My Community Dental Centers, Inc. plan · 2024
Employer contribution per active participant$2,176
Median for plans this size$2,416
2024$2,176 per active participant
2023$1,789 per active participant
2022$1,565 per active participant

My Community Dental Centers, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$59,951
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$51,072

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$111,029 · 0.56%
2023$94,682 · 0.54%
2022$89,274 · 0.54%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Orthodontic Partners, LLC MI$22.0M · 0.26%
Vpa, P.C. MI$21.4M · 0.65%
The Peplinski Group, Inc. MI$21.1M · 0.63%
Michigan Family Resources MI$20.9M · 0.41%
Svs Vision, Inc. MI$20.9M · 0.38%
Special Tree, LTD. MI$20.3M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300393232 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.