Plan Ledger DOL Form 5500 · updated monthly

Accident Fund Holdings, Inc.401(k)

ACCIDENT FUND HOLDINGS, INC. REPRESENTED EMPLOYEES' SAVINGS PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Accident Fund Holdings, Inc. reported $20,608 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,822 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 0.05% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 853rd-largest of 2,619 plans among Michigan employers on file, and 2,615th of 4,798 in finance & insurance. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,439,076
Participants with balances444
Active participants374
Employer contributions$681,292
Employee contributions$1,614,389
Employer contribution per active participant$1,822
Average account balance$59,547
Benefits paid to participants$4,654,731
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 444 accts · $681K emplr
2023$25.7M · 464 accts · $606K emplr
2022$22.5M · 428 accts · $550K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,265
Investment management$19,343
Total administrative$20,608
The Accident Fund Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,822
Median for plans this size$2,416
2024$1,822 per active participant
2023$1,488 per active participant
2022$1,354 per active participant

Accident Fund Holdings, 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.

Administrative cost history3
2024$20,608 · 0.08%
2023$17,162 · 0.07%
2022$13,742 · 0.05%
Same employer
Similar plansFinance & Insurance · Michigan
First Bank Upper Michigan MI$29.0M · 0.04%
Sterling Bank & Trust Fsb MI$29.0M · 0.22%
County National Bank MI$28.3M · 0.12%
Fentura Financial Inc. MI$25.5M · 0.44%
Multi-Bank Services, LTD. MI$25.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383207001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.