Plan Ledger DOL Form 5500 · updated monthly

Akwel Cadillac USA, Inc.401(k)

AKWEL CADILLAC USA, INC. EMPLOYEES RETIREMENT PLAN · CADILLAC, MI · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Akwel Cadillac USA, Inc. reported $79,869 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,582 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 fell from 0.20% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 553rd-largest of 2,619 plans among Michigan employers on file, and the 3,336th of 13,661 in manufacturing. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 311 to 346 since 2022.

Plan summary
Net assets, end of year$46,189,128
Participants with balances437
Active participants346
Employer contributions$893,352
Employee contributions$2,096,450
Employer contribution per active participant$2,582
Average account balance$105,696
Benefits paid to participants$6,256,490
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$46.2M · 437 accts · $893K emplr
2023$45.2M · 466 accts · $894K emplr
2022$39.9M · 507 accts · $921K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,042
Investment management$66,827
Total administrative$79,869
The Akwel Cadillac USA, Inc. 401(k) match · 2024
Employer contribution per active participant$2,582
Median for plans this size$2,416
2024$2,582 per active participant
2023$2,286 per active participant
2022$2,960 per active participant

Akwel Cadillac USA, Inc.'s 2024 employer contribution ran above 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 · 20242
CONCURRENT INVESTMENT ADVISORS LLC · Investment advisory (plan)$66,827
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,042

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$79,869 · 0.17%
2023$20,518 · 0.05%
2022$89,724 · 0.20%
Same employer
Similar plansManufacturing · Michigan
Sunmed LLC MI$47.1M · 0.28%
P&C Group 1, Inc. MI$47.0M · 0.19%
L.E. Jones Company MI$46.9M · 0.34%
East Jordan Plastics MI$45.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382700237 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.