Plan Ledger DOL Form 5500 · updated monthly

Walsh College403(b)

WALSH COLLEGE TAX-SHELTERED ANNUITY PLAN · TROY, MI · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Walsh College reported $59,374 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. Employer contributions averaged $3,376 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 0.12% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is the 845th-largest of 2,619 plans among Michigan employers on file, and the 1,365th of 3,091 in educational services. In 2023, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$27,069,576
Participants with balances248
Active participants212
Employer contributions$715,790
Employee contributions$708,665
Employer contribution per active participant$3,376
Average account balance$109,152
Benefits paid to participants$4,516,339
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 192 accts · $714K emplr
2023$27.1M · 248 accts · $716K emplr
2022$26.0M · 397 accts · $728K emplr
Administrative expenses, itemized · 2023
Investment management$59,374
Total administrative$59,374
Employer contributions to the Walsh College plan · 2023
Employer contribution per active participant$3,376
Median for plans this size$2,440
2024$4,406 per active participant
2023$3,376 per active participant
2022$3,111 per active participant

Walsh College's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20236
TIAA · Recordkeeping · Pension consultingindirect comp
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeepingindirect comp
RECOURCES INVESTMENT ADVISORS LLC · Investment management$37,801
WATKINS ROSS CO · Contract administrator$6,181

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

Recordkeeper by year2
2024Transamerica
2023TIAA, Transamerica

This plan has changed recordkeepers within these filings. If you left Walsh College before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$61,329 · 0.23%
2023$59,374 · 0.22%
2022$35,408 · 0.12%
Same employer
Similar plansEducational Services · Michigan
The Leona Group, LLC MI$37.0M · 0.20%
American Concrete Institute MI$35.4M · 0.09%
Greenhills School MI$29.6M · 0.12%
Michigan Virtual University MI$24.0M · 0.25%
Olivet College MI$23.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381308480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.