Plan Ledger DOL Form 5500 · updated monthly

Audrik Inc.401(k)

AUDRIK INC 401K PROFIT SHARING PLAN & TRUST · LIVONIA, MI · plan year 2024

Reported admin expense ratio · 2024
0.19%

Audrik Inc. reported $2,265 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. 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 0.11% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (2,456th of 2,619), and 5,029th of 5,337 in construction.

Plan summary
Net assets, end of year$1,275,745
Participants with balances148
Active participants94
Employer contributions—
Employee contributions$158,536
Employer contribution per active participant—
Average account balance$8,620
Benefits paid to participants$80,461
Plan auditUnmodified (clean) audit opinion
AuditorUHY ADVISORS INC. 12900 HALL RO
Plan history2
Yearassets · accounts · employer contribution
2024$1.3M · 148 accts
2022$827K · 46 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,265
Total administrative$2,265
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
ADP, INC. · Loan processing · Recordkeeping$2,265
ADP BROKER-DEALER · Other servicesindirect comp
FSC SECURITIES CORP · Other servicesindirect comp

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

Administrative cost history2
2024$2,265 · 0.19%
2022$1,000 · 0.11%
Similar plansConstruction · Michigan
Elite Fence Products Inc MI$1.2M · 1.21%
Stark Enterprises, LLC MI$128K · 3.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800347493 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.