Plan Ledger DOL Form 5500 · updated monthly

Associates Resources LLC401(k)

ASSOCIATES RESOURCES LLC 401(K) RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

Associates Resources LLC reported $55,428 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 0.66% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Michigan (1,827th of 2,619), and 1,426th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$6,725,045
Participants with balances224
Active participants155
Employer contributions$0
Employee contributions$694,984
Employer contribution per active participant$0
Average account balance$30,023
Benefits paid to participants$730,484
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 224 accts
2023$5.9M · 227 accts · $209K emplr
2022$4.6M · 228 accts · $198K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,072
Investment management$42,356
Total administrative$55,428
The Associates Resources LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$1,296 per active participant
2022$1,266 per active participant

Associates Resources LLC's 2024 employer contribution ran below the $1,313 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 · 20243
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$6,674
STIFEL, NICOLAUS & COMPANY, INC · Investment advisory (participants)$42,356
TDM RETIREMENT SERVICES, LLC · Contract administrator$6,398

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023CPI QUALIFIED PLAN CONSULTANTS, INC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,428 · 0.88%
2023$49,471 · 0.95%
2022$30,136 · 0.66%
Same employer
Similar plansTransportation & Warehousing · Michigan
Rsi Logistics, Inc. MI$7.0M · 0.29%
Northgate MI$7.0M · 0.94%
Parker Motor Freight MI$6.5M · 0.29%
Indian Trails, Inc. MI$6.4M · 0.22%
Causley Trucking, Inc. MI$6.3M · 0.63%
B & B Trucking, Inc. MI$6.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263647432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.