Plan Ledger DOL Form 5500 · updated monthly

Abonmarche Consultants, Inc.401(k)

ABONMARCHE CONSULTANTS, INC. 401(K) PLAN · BENTON HARBOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Abonmarche Consultants, Inc. reported $26,209 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,159 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 0.16% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,173rd-largest of 2,619 plans among Michigan employers on file, and 6,224th of 11,654 in professional & technical services. In 2024, employees put in $2.53 for every $1.00 the employer contributed; active participation has grown from 163 to 219 since 2022.

Plan summary
Net assets, end of year$16,565,516
Participants with balances237
Active participants219
Employer contributions$472,751
Employee contributions$1,197,353
Employer contribution per active participant$2,159
Average account balance$69,897
Benefits paid to participants$606,978
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 237 accts · $473K emplr
2023$13.2M · 218 accts · $224K emplr
2022$9.1M · 167 accts · $131K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,715
Investment management$3,083
Total administrative$26,209
The Abonmarche Consultants, Inc. 401(k) match · 2024
Employer contribution per active participant$2,159
Median for plans this size$2,416
2024$2,159 per active participant
2023$1,070 per active participant
2022$805 per active participant

Abonmarche Consultants, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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
ACEC RETIREMENT TRUST$21,411
EMPOWER ADVISORY GROUP, LLC · Investment management$3,083

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$26,209 · 0.18%
2023$17,824 · 0.16%
2022$15,656 · 0.16%
Same employer
Similar plansProfessional & Technical Services · Michigan
Gfl Environmental USA Inc. MI$17.2M · 0.12%
Zausmer, P.C. MI$17.2M · 0.44%
Daysmart Software, LLC MI$16.6M · 0.52%
Surveying Solutions, Inc. MI$16.3M · 0.20%
Latcha & Associates, L.L.C. MI$16.2M · 0.21%
Materialise USA, LLC MI$16.1M · 0.31%
Sidock Group, Inc. MI$15.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382255515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.