Plan Snapshot
- Plan Sponsor: Matrix Human Services
- Sponsor EIN: 381358015
- Sponsor Address: 1400 WOODBRIDGE ST., DETROIT, MI, 48207
- Plan Type: 403(b)
- Total Participants: 434
- Total Assets: $4.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 434 | $4.0M | $0 | $382,730 |
| 2023 | 419 | $3.6M | $0 | $333,298 |
| 2022 | 477 | $3.0M | $960 | $311,320 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $29,895 | — | $29,895 |
| SECURE ASSET MANAGEMENT | INVESTMENT ADVISORY | $12,817 | — | $12,817 |
| MAP RETIREMENT | CONTRACT ADMINISTRATOR | $4,800 | $5,734 | $10,534 |
| ALAN C YOUNG AND ASSOCIATES PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALAN C YOUNG AND ASSOCIATES PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,246
- Estimated Expense Ratio: 1.338% 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 | $47,512 | $12,817 | $34,695 | — | — |
| 2023 | $37,557 | $6,655 | $30,902 | — | — |
| 2022 | $32,725 | — | $32,725 | — | — |