Plan Ledger DOL Form 5500 · updated monthly

Aspen Surgical Products Holdings, Inc.401(k)

ASPEN SURGICAL PRODUCTS HOLDINGS, INC. 401(K) PLAN · CALEDONIA, MI · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Aspen Surgical Products Holdings, Inc. reported $130,202 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $3,216 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 rose from 0.26% to 0.38%. 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 584th-largest of 2,619 plans among Michigan employers on file, and the 3,521st of 13,661 in manufacturing. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has grown from 316 to 452 since 2022.

Plan summary
Net assets, end of year$42,640,360
Participants with balances555
Active participants452
Employer contributions$1,453,805
Employee contributions$3,302,922
Employer contribution per active participant$3,216
Average account balance$76,829
Benefits paid to participants$6,466,192
Plan auditUnmodified (clean) audit opinion
AuditorS.R. SNODGRASS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 555 accts · $1.5M emplr
2023$25.1M · 378 accts · $1.5M emplr
2022$19.3M · 352 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,602
Audit (IQPA)$16,600
Total administrative$130,202
The Aspen Surgical Products Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$3,216
Median for plans this size$2,416
2024$3,216 per active participant
2023$4,534 per active participant
2022$4,531 per active participant

Aspen Surgical Products Holdings, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$113,602
LBMC, PC · Accounting / audit$16,600

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$130,202 · 0.38%
2023$57,792 · 0.26%
2022$54,960 · 0.26%
Similar plansManufacturing · Michigan
Trans-Matic Mfg. Co., Inc. MI$45.0M · 0.25%
Kongsberg Automotive Inc MI$44.9M · 0.17%
Ajm Packaging Corporation MI$43.6M · 0.26%
Esperion Therapeutics, Inc. MI$43.1M · 0.25%
Special-Lite, Inc. MI$42.3M · 0.20%
Piston Automotive, LLC MI$42.1M · 0.08%
Oetiker, Inc. MI$42.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205428750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.