Plan Ledger DOL Form 5500 · updated monthly

Ai-Cares, LLC401(k)

AI-CARES RETIREMENT SAVINGS PLAN · AUBURN HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Ai-Cares, LLC reported $185,546 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $1,168 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 5 years on file its reported administrative ratio rose from 0.22% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 328th-largest of 2,619 plans among Michigan employers on file, and the 2,099th of 13,661 in manufacturing. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 2,354 to 3,053 since 2019.

Plan summary
Net assets, end of year$87,425,495
Participants with balances1,877
Active participants3,053
Employer contributions$3,564,538
Employee contributions$7,286,367
Employer contribution per active participant$1,168
Average account balance$46,577
Benefits paid to participants$8,912,266
Plan auditUnmodified (clean) audit opinion
Plan history6
Yearassets · accounts · employer contribution
2024$87.4M · 1,877 accts · $3.6M emplr
2023$74.5M · 1,876 accts · $3.4M emplr
2022$64.6M · 2,157 accts · $3.6M emplr
2021$75.8M · 2,468 accts · $3.8M emplr
2020$63.7M · 2,161 accts · $3.2M emplr
2019$58.8M · 2,139 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,376
Investment management$61,170
Total administrative$185,546
The Ai-Cares, LLC 401(k) match · 2024
Employer contribution per active participant$1,168
Median for plans this size$3,635
2024$1,168 per active participant
2023$1,526 per active participant
2022$1,551 per active participant
2021$1,583 per active participant
2020$1,159 per active participant

Ai-Cares, LLC'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$124,376
GREGORY J SCHWARTZ & CO INC · Investment advisory (plan)$61,170

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

Administrative cost history6
2024$185,546 · 0.23%
2023$187,062 · 0.27%
2022$203,143 · 0.29%
2021$208,537 · 0.30%
2020$157,062 · 0.26%
2019$109,762 · 0.22%
Similar plansManufacturing · Michigan
Eagle Alloy, Inc. MI$88.9M · 0.04%
Kostal of America Inc. MI$87.6M · 0.57%
Auria Solutions USA, Inc. MI$86.5M · 0.15%
US Farathane, LLC MI$86.4M · 0.28%
Bridgewater Interiors, LLC MI$83.5M · 0.18%
Saf-Holland, Inc. MI$83.4M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 300211408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.