Plan Ledger DOL Form 5500 · updated monthly

Avon Rubber and Plastics, Inc.401(k)

AVON RUBBER AND PLASTICS, INC. EMPLOYEES RETIREMENT PLAN · CADILLAC, MI · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Avon Rubber and Plastics, Inc. reported $130,150 in plan administrative expenses for 2023: 0.22% of average plan assets, above the peer median. Employer contributions averaged $3,553 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 0.24% to 0.45%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 427th-largest of 2,619 plans among Michigan employers on file, and the 2,647th of 13,661 in manufacturing. In 2023, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,815,063
Participants with balances938
Active participants585
Employer contributions$2,078,425
Employee contributions$3,767,689
Employer contribution per active participant$3,553
Average account balance$68,033
Benefits paid to participants$7,137,594
Plan auditDisclaimer of opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$61.7M · 886 accts · $2.1M emplr
2023$63.8M · 938 accts · $2.1M emplr
2022$53.0M · 905 accts · $2.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$46,141
Investment management$83,984
Total administrative$130,150
The Avon Rubber and Plastics, Inc. 401(k) match · 2023
Employer contribution per active participant$3,553
Median for plans this size$3,659
2024$3,575 per active participant
2023$3,553 per active participant
2022$3,810 per active participant

Avon Rubber and Plastics, Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
EMPOWER ANNUITY INSURANCE COMPANY · Loan processing · Contract administrator$85,222
CONCURRENT INVESTMENT ADVISORS LLC · Investment advisory (plan)$83,249

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$283,808 · 0.45%
2023$130,150 · 0.22%
2022$120,946 · 0.24%
Same employer
Similar plansManufacturing · Michigan
G & T Industries, Inc MI$65.4M · 0.06%
Hi-Lex MI$64.7M · 0.08%
Adac Plastics, Inc. MI$63.7M · 0.32%
Adrian Steel Company MI$63.0M · 0.26%
Kamps, Inc. MI$62.1M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363366161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.