Plan Ledger DOL Form 5500 · updated monthly

Administration Systems Research Corporation International401(k)

ASR CORPORATION INTERNATIONAL EMPLOYEES SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2023

Reported admin expense ratio · 2023
0.54%

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

Administration Systems Research Corporation International reported $74,514 in plan administrative expenses for 2023: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,986 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 3 years on file its reported administrative ratio has held roughly steady near 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,269th-largest of 2,619 plans among Michigan employers on file, and the 782nd of 2,534 in administrative & support services. In 2023, employees put in $2.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,645,965
Participants with balances150
Active participants116
Employer contributions$230,376
Employee contributions$676,736
Employer contribution per active participant$1,986
Average account balance$97,640
Benefits paid to participants$1,294,005
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 151 accts · $233K emplr
2023$14.6M · 150 accts · $230K emplr
2022$13.0M · 155 accts · $229K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,892
Investment management$44,467
Trustee / custodial$6,700
Total administrative$74,514
The Administration Systems Research Corporation International 401(k) match · 2023
Employer contribution per active participant$1,986
Median for plans this size$2,440
2024$1,972 per active participant
2023$1,986 per active participant
2022$1,911 per active participant

Administration Systems Research Corporation International's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
SENTINEL BENEFITS GROUP, INC. · Recordkeeping · Consulting$22,892
CHARLES SCHWAB TRUST BANK · Recordkeeping · Custodial (securities)$7,155
CAPTRUST FIANCIAL ADVISORS · Investment advisory (plan)$44,467

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab, Sentinel Group
2023Charles Schwab, Sentinel Group

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$65,605 · 0.47%
2023$74,514 · 0.54%
2022$67,200 · 0.46%
Similar plansAdministrative & Support Services · Michigan
Talascend, LLC MI$18.1M · 0.08%
Bandit Industries, Inc. MI$17.3M · 0.68%
Axtella, LLC MI$16.1M · 0.10%
United Physicians, Inc. MI$14.2M · 0.31%
Acro Service Corp MI$13.6M · 0.52%
Trucent, Inc. MI$12.0M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382651185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.