Plan Ledger DOL Form 5500 · updated monthly

Allied Finishing, Inc.401(k)

ALLIED FINISHING, INC. PROFIT SHARING RETIREMENT PLAN · KENTWOOD, MI · plan year 2023

Reported admin expense ratio · 2023
0.71%

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

Allied Finishing, Inc. reported $52,372 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. Employer contributions averaged $489 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 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,721st of 2,619), and 9,757th of 13,661 in manufacturing. In 2023, employees put in $4.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,804,650
Participants with balances134
Active participants116
Employer contributions$56,780
Employee contributions$246,234
Employer contribution per active participant$489
Average account balance$58,244
Benefits paid to participants$497,638
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 107 accts · $62K emplr
2023$7.8M · 134 accts · $57K emplr
2022$6.9M · 135 accts · $54K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,460
Investment management$12,962
Audit (IQPA)$14,950
Total administrative$52,372
The Allied Finishing, Inc. 401(k) match · 2023
Employer contribution per active participant$489
Median for plans this size$1,308
2024$553 per active participant
2023$489 per active participant
2022$430 per active participant

Allied Finishing, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$24,460
PLANTE & MORAN PLLC · Accounting / audit$14,950
WELLS FARGO · Investment advisory (plan)$12,962

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$45,221 · 0.60%
2023$52,372 · 0.71%
2022$49,065 · 0.59%
Same employer
Similar plansManufacturing · Michigan
Big Rapids Products, Inc. MI$8.0M · 0.47%
Frimo, Inc. MI$7.9M · 0.76%
Coldwater Veneer, Inc. MI$7.9M · 0.29%
Tribar Manufacturing, LLC MI$7.8M · 0.20%
Superior Extrusion, Inc. MI$7.7M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382169890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.