Plan Ledger DOL Form 5500 · updated monthly

University of Michigan Health-West403(b)

METRO HEALTH 403(B) RETIREMENT SAVINGS PLAN · WYOMING, MI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

University of Michigan Health-West reported $416,294 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,904 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 fell from 0.21% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 129th-largest of 2,619 plans among Michigan employers on file, and the 585th of 11,911 in health care & social assistance. In 2024, employees put in $2.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$232,699,547
Participants with balances3,922
Active participants3,376
Employer contributions$6,428,805
Employee contributions$17,097,911
Employer contribution per active participant$1,904
Average account balance$59,332
Benefits paid to participants$15,942,899
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$232.7M · 3,922 accts · $6.4M emplr
2023$198.8M · 3,861 accts · $3.7M emplr
2022$167.3M · 3,696 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$345,415
Investment management$70,879
Total administrative$416,294
Employer contributions to the University of Michigan Health-West plan · 2024
Employer contribution per active participant$1,904
Median for plans this size$3,635
2024$1,904 per active participant
2023$1,120 per active participant
2022$1,100 per active participant

University of Michigan Health-West's 2024 employer contribution ran below the $3,635 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$345,415
ROCKEFELLER CAPITAL MANAGEMENT · Investment advisory (plan)$52,429
MERRILL LYNCH · Investment advisory (plan)$18,450
HUNGERFORD · Accounting / auditindirect 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$416,294 · 0.19%
2023$420,163 · 0.23%
2022$365,204 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Trinity Health Corporation MI$779.5M · 0.05%
Munson Healthcare MI$485.7M · 0.14%
Holland Hospital MI$241.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380593405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.