Plan Ledger DOL Form 5500 · updated monthly

Oakland Family ServicesDC plan

403(B) THRIFT PLAN OF OAKLAND FAMILY SERVICES · PONTIAC, MI · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Oakland Family Services reported $28,998 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,061 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 fell from 1.15% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,218th of 2,619), and 9,035th of 11,911 in health care & social assistance. In 2024, employees put in $2.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,313,406
Participants with balances217
Active participants130
Employer contributions$137,989
Employee contributions$372,978
Employer contribution per active participant$1,061
Average account balance$15,269
Benefits paid to participants$264,201
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 217 accts · $138K emplr
2023$2.6M · 220 accts · $134K emplr
2022$2.0M · 207 accts · $126K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,754
Investment management$9,075
Trustee / custodial$709
Total administrative$28,998
Employer contributions to the Oakland Family Services plan · 2024
Employer contribution per active participant$1,061
Median for plans this size$1,313
2024$1,061 per active participant
2023$1,015 per active participant
2022$924 per active participant

Oakland Family Services's 2024 employer contribution ran below the $1,313 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
SENTINEL BENEFITS GROUP, INC. · Recordkeeping · Consulting$18,754
SENTINEL PENSION ADVISORS · Investment advisory (plan)$8,637

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$28,998 · 0.98%
2023$24,053 · 1.05%
2022$23,338 · 1.15%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Community Care Services MI$3.4M · 0.25%
Fenton Healthcare, LLC MI$3.3M · 1.17%
Nxgen Mdx MI$3.2M · 0.84%
U.P. Rehab Services, LLC MI$3.1M · 1.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381358388 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.