Plan Ledger DOL Form 5500 · updated monthly

Starfish Family Services, Inc.403(b)

STARFISH FAMILY SERVICES, INC. DC PLAN · INKSTER, MI · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Starfish Family Services, Inc. reported $81,134 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,782 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 0.57%. 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 1,231st-largest of 2,619 plans among Michigan employers on file, and the 4,391st of 11,911 in health care & social assistance. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 464 to 529 since 2022.

Plan summary
Net assets, end of year$15,464,932
Participants with balances676
Active participants529
Employer contributions$942,820
Employee contributions$1,499,966
Employer contribution per active participant$1,782
Average account balance$22,877
Benefits paid to participants$1,711,383
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 676 accts · $943K emplr
2023$13.0M · 686 accts · $796K emplr
2022$10.1M · 674 accts · $702K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,120
Investment management$14,458
Audit (IQPA)$10,500
Total administrative$81,134
Employer contributions to the Starfish Family Services, Inc. plan · 2024
Employer contribution per active participant$1,782
Median for plans this size$2,416
2024$1,782 per active participant
2023$1,524 per active participant
2022$1,514 per active participant

Starfish Family Services, 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 · 20243
TEACHERS INS. AND ANNUITY ASSOC. · Contract administrator$56,120
SENTINEL PENSION ADVISORS · Other services$14,458
GJC CPA'S & ADVISORS · Accounting / audit$10,500

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$81,134 · 0.57%
2023$76,284 · 0.66%
2022$62,342 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
West Michigan Dermatology MI$16.2M · 0.35%
Sunvera Group, LLC MI$15.2M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382230416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.