Plan Ledger DOL Form 5500 · updated monthly

Ameriti Manufacturing Company401(k)

AMERITI MANUFACTURING COMPANY UAW 401(K) PLAN · DETROIT, MI · plan year 2023

Reported admin expense ratio · 2023
1.13%

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

Ameriti Manufacturing Company reported $25,385 in plan administrative expenses for 2023: 1.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $117 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.

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 (2,319th of 2,619), and 12,628th of 13,661 in manufacturing. In 2023, employees put in $2.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,385,634
Participants with balances84
Active participants121
Employer contributions$14,131
Employee contributions$34,675
Employer contribution per active participant$117
Average account balance$28,400
Benefits paid to participants$68,843
Plan auditUnmodified (clean) audit opinion
AuditorSCHLAUPITZ MADHAVAN
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,455
Investment management$10,930
Total administrative$25,385
The Ameriti Manufacturing Company 401(k) match · 2023
Employer contribution per active participant$117
Median for plans this size$1,308

Ameriti Manufacturing Company'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 · 20232
JOHN HANCOCK · Recordkeeping · Loan processing$14,759
LUMIN FINANCIAL LLC · Investment advisory (plan)$10,625

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

Administrative cost history1
2023$25,385 · 1.13%
Similar plansManufacturing · Michigan
Hoffmann Die Cast LLC MI$2.5M · 1.18%
New Center Stamping, Inc. MI$2.5M · 0.89%
Flex-N-Gate Detroit, LLC MI$2.5M · 0.47%
Extol, Inc. MI$2.4M · 0.02%
Fischer America, Inc. MI$2.4M · 0.66%
Corvac Composites, LLC MI$2.3M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 881180626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.