Plan Ledger DOL Form 5500 · updated monthly

The Children's Center of WayneDC plan

403(B) THRIFT PLAN OF THE CHILDREN'S CENTER OF WAYNE COUNTY, INC. · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

The Children's Center of Wayne reported $3,031 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,230 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 0.026% to 0.029%. 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 (1,495th of 2,619), and the 5,525th of 11,911 in health care & social assistance. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has shrunk from 216 to 171 since 2022.

Plan summary
Net assets, end of year$10,634,805
Participants with balances409
Active participants171
Employer contributions$210,378
Employee contributions$461,868
Employer contribution per active participant$1,230
Average account balance$26,002
Benefits paid to participants$1,496,001
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 409 accts · $210K emplr
2023$10.1M · 430 accts · $251K emplr
2022$8.8M · 443 accts · $253K emplr
Employer contributions to the The Children's Center of Wayne plan · 2024
Employer contribution per active participant$1,230
Median for plans this size$2,416
2024$1,230 per active participant
2023$1,411 per active participant
2022$1,170 per active participant

The Children's Center of Wayne'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$4,009

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$3,031 · 0.03%
2023$1,348 · 0.01%
2022$2,407 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
D. a. Blodgett - St. John's MI$11.0M · 0.42%
Medstar, Inc. MI$10.9M · 0.45%
Moka Corporation MI$10.7M · 0.30%
Cpd Distribution, LLC MI$10.4M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381359505 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.