Plan Ledger DOL Form 5500 · updated monthly

Saginaw Cooperative Hospitals, Inc.403(b)

CMU MEDICAL EDUCATION PARTNERS EMPLOYEE PROFIT SHARING PLAN · SAGINAW, MI · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Saginaw Cooperative Hospitals, Inc. reported $38,438 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $5,656 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 0.64% to 0.35%. 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 among the smaller plans on file in Michigan (1,400th of 2,619), and the 5,120th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$12,137,087
Participants with balances391
Active participants309
Employer contributions$1,747,725
Employee contributions—
Employer contribution per active participant$5,656
Average account balance$31,041
Benefits paid to participants$832,238
Plan auditUnmodified (clean) audit opinion
AuditorANDREWS HOOPER & PAVLIK / AHP
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 391 accts · $1.7M emplr
2023$9.9M · 372 accts · $928K emplr
2022$8.3M · 367 accts · $472K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,528
Investment management$18,910
Total administrative$38,438
Employer contributions to the Saginaw Cooperative Hospitals, Inc. plan · 2024
Employer contribution per active participant$5,656
Median for plans this size$2,416
2024$5,656 per active participant
2023$3,339 per active participant
2022$1,573 per active participant

Saginaw Cooperative Hospitals, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
NEWPORT GROUP, INC. · Recordkeeping$19,528
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$18,910

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$38,438 · 0.35%
2023$33,948 · 0.37%
2022$52,159 · 0.64%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Southwest Solutions MI$12.5M · 0.34%
S L Husain Hamzavi MD PC MI$12.5M · 0.50%
Regional Medical Imaging PC MI$12.1M · 0.22%
D. a. Blodgett - St. John's MI$11.0M · 0.42%
Medstar, Inc. MI$10.9M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381870664 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.