Plan Ledger DOL Form 5500 · updated monthly

The Ave Maria Foundation401(k)

THE AVE MARIA 401(K) PLAN · ANN ARBOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

The Ave Maria Foundation reported $87,279 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,098 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 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 846th-largest of 2,619 plans among Michigan employers on file, and the 805th of 3,341 in other services. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 130 to 720 since 2022.

Plan summary
Net assets, end of year$26,976,310
Participants with balances278
Active participants720
Employer contributions$790,650
Employee contributions$1,412,556
Employer contribution per active participant$1,098
Average account balance$97,037
Benefits paid to participants$2,944,668
Plan auditDisclaimer of opinion
AuditorMYLER & SZCZYPKA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 278 accts · $791K emplr
2023$24.2M · 285 accts · $567K emplr
2022$20.1M · 217 accts · $319K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,579
Investment management$52,264
Total administrative$87,279
The The Ave Maria Foundation 401(k) match · 2024
Employer contribution per active participant$1,098
Median for plans this size$2,416
2024$1,098 per active participant
2023$1,019 per active participant
2022$2,451 per active participant

The Ave Maria Foundation'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 · 20242
M HOLDINGS$12,624
THE BENEFIT ADVANTAGE · Contract administrator · Other services$4,015

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$87,279 · 0.34%
2023$89,818 · 0.41%
2022$79,737 · 0.35%
Similar plansOther Services · Michigan
Detroit Regional Chamber MI$22.6M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382514364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.