Plan Ledger DOL Form 5500 · updated monthly

West Michigan Cancer Center403(b)

WEST MICHIGAN CANCER CENTER 403(B) PLAN · KALAMAZOO, MI · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

West Michigan Cancer Center reported $36,092 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $4,971 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 0.09% to 0.26%. 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 1,261st-largest of 2,619 plans among Michigan employers on file, and 1,817th of 3,091 in educational services. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,896,857
Participants with balances162
Active participants110
Employer contributions$546,831
Employee contributions$858,686
Employer contribution per active participant$4,971
Average account balance$91,956
Benefits paid to participants$1,692,314
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 162 accts · $547K emplr
2023$13.1M · 170 accts · $498K emplr
2022$11.6M · 172 accts · $412K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,092
Total administrative$36,092
Employer contributions to the West Michigan Cancer Center plan · 2024
Employer contribution per active participant$4,971
Median for plans this size$2,416
2024$4,971 per active participant
2023$4,531 per active participant
2022$4,077 per active participant

West Michigan Cancer Center's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$36,092
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)indirect comp
M HOLDINGS SECURITIES · Investment advisory (plan)indirect 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$36,092 · 0.26%
2023$37,806 · 0.31%
2022$11,921 · 0.09%
Similar plansEducational Services · Michigan
Emerson School MI$18.9M · 0.20%
Detroit 90/90 MI$14.5M · 0.59%
Cornerstone Education Group MI$11.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383061574 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.