Plan Ledger DOL Form 5500 · updated monthly

Avanzar Interior Technologies, LTD.401(k) + ESOP (KSOP)

AVANZAR INTERIOR TECHNOLOGIES, LTD SAVINGS AND INVESTMENT (401K) PLAN · PLYMOUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Avanzar Interior Technologies, LTD. reported $79,460 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,804 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 0.244%. 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 720th-largest of 2,619 plans among Michigan employers on file, and the 4,159th of 13,661 in manufacturing. In 2024, the employer put in $1.26 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$33,463,887
Participants with balances1,083
Active participants1,159
Employer contributions$3,250,127
Employee contributions$2,576,572
Employer contribution per active participant$2,804
Average account balance$30,899
Benefits paid to participants$6,923,928
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.5M · 1,083 accts · $3.3M emplr
2023$31.8M · 1,049 accts · $3.0M emplr
2022$26.3M · 936 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,460
Total administrative$79,460
The Avanzar Interior Technologies, LTD. 401(k) match · 2024
Employer contribution per active participant$2,804
Median for plans this size$2,416
2024$2,804 per active participant
2023$2,656 per active participant
2022$2,230 per active participant

Avanzar Interior Technologies, LTD.'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 · 20241
FIDELITY INVEST. INST. OPR. CO. · Loan processing$79,460

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$79,460 · 0.24%
2023$66,830 · 0.23%
2022$70,415 · 0.24%
Same employer
Similar plansManufacturing · Michigan
Modineer Co. MI$33.9M · 0.49%
Thetford LLC MI$33.4M · 0.26%
Renk America LLC MI$33.3M · 0.26%
The Ideal Group, Inc. MI$33.1M · 0.39%
Applied Process, Inc. MI$32.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201818668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.