Plan Ledger DOL Form 5500 · updated monthly

Southeast Michigan Community Alliance403(b)

SOUTHEAST MICHIGAN COMMUNITY ALLIANCE 403(B) PLAN · TAYLOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Southeast Michigan Community Alliance reported $28,972 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $3,795 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 rose from 0.06% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (1,906th of 2,619), and 2,164th of 3,341 in other services. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,938,632
Participants with balances146
Active participants82
Employer contributions$311,185
Employee contributions$427,087
Employer contribution per active participant$3,795
Average account balance$40,676
Benefits paid to participants$509,886
Plan auditDisclaimer of opinion
AuditorMANER COSTERISAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 146 accts · $311K emplr
2023$4.8M · 129 accts · $257K emplr
2022$3.6M · 129 accts · $211K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,972
Total administrative$28,972
Employer contributions to the Southeast Michigan Community Alliance plan · 2024
Employer contribution per active participant$3,795
Median for plans this size$1,313
2024$3,795 per active participant
2023$2,853 per active participant
2022$2,508 per active participant

Southeast Michigan Community Alliance's 2024 employer contribution ran above the $1,313 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 · 20241
NATIONWIDE · Recordkeeping$28,972

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024$28,972 · 0.54%
2023$2,401 · 0.06%
2022$1,970 · 0.06%
Similar plansOther Services · Michigan
Knight Watch, Inc. MI$7.0M · 0.60%
Reliance One, Inc. MI$5.1M · 1.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382675191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.