Plan Ledger DOL Form 5500 · updated monthly

Abc Appliance, Inc.401(k)

ABC APPLIANCE, INC. PROFIT SHARING PLAN AND TRUST · PONTIAC, MI · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Abc Appliance, Inc. reported $24,840 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $585 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 0.03% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 394th-largest of 2,619 plans among Michigan employers on file, and the 506th of 5,215 in retail trade. In 2024, employees put in $5.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$69,667,912
Participants with balances712
Active participants619
Employer contributions$361,940
Employee contributions$2,129,686
Employer contribution per active participant$585
Average account balance$97,848
Benefits paid to participants$8,489,166
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$69.7M · 712 accts · $362K emplr
2023$64.1M · 760 accts · $371K emplr
2022$55.6M · 754 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,452
Investment management$19,388
Total administrative$24,840
The Abc Appliance, Inc. 401(k) match · 2024
Employer contribution per active participant$585
Median for plans this size$3,635
2024$585 per active participant
2023$661 per active participant
2022$2,811 per active participant

Abc Appliance, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$19,388
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,452

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$24,840 · 0.04%
2023$14,378 · 0.02%
2022$20,143 · 0.03%
Same employer
Similar plansRetail Trade · Michigan
Victory Automotive Group MI$110.9M · 0.70%
General Rv Centers, Inc. MI$77.4M · 0.39%
Zeigler Auto Group, Inc. MI$72.9M · 0.70%
Awi Holdings, LLC MI$61.8M · 0.41%
Lafontaine Motors, Inc. MI$58.2M · 0.43%
Stockx LLC MI$49.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381743820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.