Plan Ledger DOL Form 5500 · updated monthly

University Liggett School403(b)

UNIVERSITY LIGGETT TIAA CREF PENSION PLAN · GROSS POINTE WOODS, MI · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

University Liggett School reported $26,699 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,632 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 0.05% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 516th-largest of 2,619 plans among Michigan employers on file, and the 908th of 3,091 in educational services. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,228,991
Participants with balances330
Active participants188
Employer contributions$494,848
Employee contributions$785,363
Employer contribution per active participant$2,632
Average account balance$152,209
Benefits paid to participants$3,343,059
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.2M · 330 accts · $495K emplr
2023$46.8M · 334 accts · $459K emplr
2022$41.7M · 335 accts · $478K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,699
Total administrative$26,699
Employer contributions to the University Liggett School plan · 2024
Employer contribution per active participant$2,632
Median for plans this size$2,416
2024$2,632 per active participant
2023$2,378 per active participant
2022$2,440 per active participant

University Liggett School's 2024 employer contribution ran above 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
BAKER TILLY VIRCHOW KRAUSE, LLP · Accounting / audit$12,390
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$7,045

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$26,699 · 0.06%
2023$17,966 · 0.04%
2022$20,982 · 0.05%
Same employer
Similar plansEducational Services · Michigan
Spring Arbor University MI$60.8M · 0.23%
The Romine Group MI$39.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381360536 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.