Plan Ledger DOL Form 5500 · updated monthly

Beacon Tri-State Solutions Inc.401(k)

BEACON TRI-STATE SOLUTIONS INC. RETIREMENT SAVINGS PLAN · SHELBY TOWNSHIP, MI · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Beacon Tri-State Solutions Inc. reported $44,533 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $933 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 fell from 1.02% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Michigan (1,996th of 2,619), and 1,879th of 2,199 in information & media. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has shrunk from 346 to 309 since 2022.

Plan summary
Net assets, end of year$5,052,401
Participants with balances113
Active participants309
Employer contributions$288,374
Employee contributions$462,586
Employer contribution per active participant$933
Average account balance$44,712
Benefits paid to participants$418,453
Plan auditUnmodified (clean) audit opinion
AuditorMRPR GROUP PC
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 113 accts · $288K emplr
2023$4.2M · 119 accts · $34K emplr
2022$3.8M · 128 accts · $156K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,533
Total administrative$44,533
The Beacon Tri-State Solutions Inc. 401(k) match · 2024
Employer contribution per active participant$933
Median for plans this size$1,313
2024$933 per active participant
2023$94 per active participant
2022$450 per active participant

Beacon Tri-State Solutions Inc.'s 2024 employer contribution ran below the $1,313 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
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$44,533

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$44,533 · 0.96%
2023$40,801 · 1.02%
2022$39,279 · 1.02%
Similar plansInformation & Media · Michigan
Billhighway LLC MI$10.5M · 0.61%
Skyspecs, Inc. MI$7.3M · 0.87%
Autobooks, Inc. MI$4.9M · 0.80%
Alliance Mobile MI$4.4M · 0.15%
Marceco, LTD MI$3.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320277555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.