Plan Snapshot
- Plan Sponsor: Grand Rapids Christian Schools
- Sponsor EIN: 381880873
- Sponsor Address: 2400 PLYMOUTH SE, GRAND RAPIDS, MI, 49506
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 184
- Total Assets: $10.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 184 | $10.0M | $662,465 | $1.1M |
| 2023 | 215 | $7.7M | $644,474 | $1.0M |
| 2022 | 274 | $5.4M | $502,509 | $898,941 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PENSERV | Recordkeeper | $28,521 | — | $28,521 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,521
- Estimated Expense Ratio: 0.286% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $37,781 | — | — | — | — |
| 2023 | $32,337 | — | $32,337 | — | — |
| 2022 | $27,114 | — | $27,114 | — | — |