Michigan › Health care and social assistance › 250 to 499 participants
Form 5500 statement · plan year 1 Oct 2021 to 30 Sep 2022
Detroit Rescue Mission Ministries 403(b) Plan
Sponsored by Detroit Rescue Mission Ministries, Detroit, MI
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Detroit Rescue Mission Ministries of Detroit, Michigan sponsors Detroit Rescue Mission Ministries 403(b) Plan, a 403(b) plan. Its Form 5500 for the plan year ending 30 Sep 2022 shows 323 participants (233 active) and $1.3M in net assets.
Net assets came to $6,004 per participant in plan year 2024, well below the $48,746 median for defined contribution plans with 250 to 499 participants and well below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $27K during the year, or $114 per active participant against a same-size median of $2,017; participants contributed $141K. Benefits paid out totalled $45K.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $18K.
Across the filings on record, net assets went from $363K in 2011 to $1.3M in 2025 (up 252%), and participants from 291 to 323 (up 11%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $6,004 | $48,746 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,017 | $1,536 | $2,175 |
| Schedule C compensation per participant | $71.84 | $141 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 1.2% | 0.30% | 0.31% | 0.26% |
| Administrative expenses per participant | $72.08 | $133 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 323 | $1.3M | $3,957 | $27K | $141K | $0 |
| 2024 | 310 | $1.9M | $6,003 | — | $173K | $22K |
| 2023 | 272 | $1.8M | $6,507 | — | $156K | $26K |
| 2022 | 352 | $1.5M | $4,125 | — | $193K | $14K |
| 2020 | 298 | $1.4M | $4,832 | $31K | $167K | $15K |
| 2019 | 308 | $1.2M | $3,740 | $27K | $152K | $13K |
| 2018 | 300 | $1.0M | $3,383 | $29K | $154K | $13K |
| 2017 | 284 | $953K | $3,356 | $36K | $161K | $12K |
| 2016 | 296 | $826K | $2,791 | $34K | $149K | $13K |
| 2015 | 303 | $769K | $2,538 | $40K | $167K | $13K |
| 2014 | 279 | $690K | $2,473 | $38K | $149K | $11K |
| 2013 | 266 | $645K | $2,425 | $32K | $140K | $13K |
| 2012 | 289 | $536K | $1,855 | $33K | $149K | $9,000 |
| 2011 | 291 | $363K | $1,247 | $30K | $146K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,439,734
- Employer contributions$26,502
- Participant contributions$141,216
- Rollovers and other contributions—
- Total contributions$167,718
- Total income, including investment results−$97,916
- Benefits paid$45,208
- Administrative expenses$18,432
- Total expenses$63,640
- Net income−$161,556
- Net transfers$0
- Net assets, end of year$1,278,178
Participants
- Active participants233
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits90
- Participants with account balances278
- Total participants, end of year323
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Beene Garter LLP | Recordkeeping fees | $0 | $0 |
| Nationwide | Recordkeeping fees | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$18,432
- Total administrative expenses$18,432
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$1.3M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmYeo and Yeo
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2S401(k) plan or 403(b) plan that provides for automatic enrollment2FERISA section 404(c) plan2GTotal participant-directed account plan2MCode section 403(b)(7) accounts (custodial accounts for regulated investment company stock)2TTotal or partial participant-directed account plan with a default investment account2HPartial participant-directed account plan3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 624200: Community Food & Housing, & Emergency & Other Relief Services.
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Goodwill Industries of Southwestern Michigan, Inc. Savings Plan | Goodwill Industries of Southwestern Michigan, Inc. | 326 | $2.1M | $6,567 |
| Neighborhood Service Organization 403(b) Retirement Plan | Neighborhood Service Organization | 323 | $5.6M | $17,293 |
| The Lighthouse, Inc. Employee Stock Ownership Plan | The Lighthouse, Inc. | 329 | $7.8M | $23,829 |
| Center for Family Health 403(b) Employer Retirement Plan | Center for Family Health | 321 | $14.0M | $43,705 |
| Lifecare, Inc. DBA Friendship Village 403(b) Employer Retirement Plan | Lifecare, Inc. DBA Friendship Village | 329 | $5.1M | $15,464 |
| Anesthesia Practice Consultants, P.C. Savings and Retirement Plan | Anesthesia Practice Consultants, P.C. | 319 | $188M | $589,410 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Detroit Rescue Mission Ministries 403(b) Plan?
323 participants at the end of the plan year ending 30 Sep 2022, of whom 233 were active employees, with net assets of $1,278,178. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Detroit Rescue Mission Ministries contribute per participant?
The filing reports $26,502 in employer contributions for the year, which is $114 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $18,432. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Detroit Rescue Mission Ministries. Recordkeeping or administration: Beene Garter LLP and Nationwide. The financial statements were audited by Yeo and Yeo. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2021 to 30 Sep 2022, received by the Department of Labor on 6 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 38-1459371, plan 001, received 6 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.