Plan Ledger DOL Form 5500 · updated monthly

Saginaw Chippewa Indian Tribe of Michigan401(k)

SAGINAW CHIPPEWA INDIAN TRIBE OF MICHIGAN 401(K) PROFIT SHARING PLAN · MT. PLEASANT, MI · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Saginaw Chippewa Indian Tribe of Michigan reported $121,098 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $986 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 0.12% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other public administration employers. By assets it is the 225th-largest of 2,619 plans among Michigan employers on file, and the 5th of 90 in public administration. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$126,956,763
Participants with balances3,700
Active participants4,025
Employer contributions$3,968,966
Employee contributions$7,381,464
Employer contribution per active participant$986
Average account balance$34,313
Benefits paid to participants$12,619,188
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$127.0M · 3,700 accts · $4.0M emplr
2023$109.5M · 3,523 accts · $3.7M emplr
2022$89.6M · 3,157 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,430
Investment management$10,668
Total administrative$121,098
The Saginaw Chippewa Indian Tribe of Michigan 401(k) match · 2024
Employer contribution per active participant$986
Median for plans this size$3,635
2024$986 per active participant
2023$905 per active participant
2022$828 per active participant

Saginaw Chippewa Indian Tribe of Michigan's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$121,098

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$121,098 · 0.10%
2023$117,826 · 0.12%
2022$121,888 · 0.12%
Same employer
Similar plansPublic Administration · Michigan
Pcaob DC$682.4M · 0.01%
Salt River Materials Group AZ$89.3M · 0.07%
Valkyrie Enterprises, Inc. VA$87.4M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386178758 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.