Plan Ledger DOL Form 5500 · updated monthly

Sunset Manor, Inc.403(b)

SUNSET ASSOCIATION RETIREMENT SAVINGS PLAN · JENISON, MI · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Sunset Manor, Inc. reported $108,170 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,231 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 0.79%. 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 1,276th-largest of 2,619 plans among Michigan employers on file, and the 4,609th of 11,911 in health care & social assistance. In 2024, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,347,108
Participants with balances475
Active participants370
Employer contributions$455,389
Employee contributions$890,944
Employer contribution per active participant$1,231
Average account balance$30,204
Benefits paid to participants$1,717,541
Plan auditQualified audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 475 accts · $455K emplr
2023$13.1M · 466 accts · $433K emplr
2022$11.7M · 492 accts · $314K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,170
Total administrative$108,170
Employer contributions to the Sunset Manor, Inc. plan · 2024
Employer contribution per active participant$1,231
Median for plans this size$2,416
2024$1,231 per active participant
2023$1,235 per active participant
2022$893 per active participant

Sunset Manor, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$108,170
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$108,170 · 0.79%
2023$95,322 · 0.77%
2022$110,226 · 0.78%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Sunvera Group, LLC MI$15.2M · 0.31%
Forest Health Services, LLC MI$14.6M · 0.36%
Center for Family Health MI$14.0M · 0.67%
Great Lakes Eye Care PC MI$13.9M · 0.03%
Verdier Eye Center PLC MI$13.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237010671 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.