Plan Ledger DOL Form 5500 · updated monthly

Belfor USA Group, Inc.401(k)

BELFOR GROUP 401(K) PLAN · BIRMINGHAM, MI · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Belfor USA Group, Inc. reported $263,062 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,485 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 0.14% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 167th-largest of 2,619 plans among Michigan employers on file, and the 389th of 5,337 in construction. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 2,180 to 2,528 since 2022.

Plan summary
Net assets, end of year$173,200,520
Participants with balances1,544
Active participants2,528
Employer contributions$6,282,669
Employee contributions$9,245,017
Employer contribution per active participant$2,485
Average account balance$112,177
Benefits paid to participants$9,670,752
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$173.2M · 1,544 accts · $6.3M emplr
2023$144.1M · 1,438 accts · $3.3M emplr
2022$122.4M · 1,490 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$195,996
Investment management$51,666
Audit (IQPA)$15,400
Total administrative$263,062
The Belfor USA Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,485
Median for plans this size$3,635
2024$2,485 per active participant
2023$1,913 per active participant
2022$1,363 per active participant

Belfor USA Group, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$195,996
MERCER INVESTMENTS LLC · Investment advisory (plan)$51,667
PLANTE MORAN, PLLC · Accounting / audit$15,400
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
MID ATLANTIC CAPITAL CORPORATION · Securities brokerageindirect comp

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$263,062 · 0.17%
2023$194,599 · 0.15%
2022$193,127 · 0.14%
Same employer
Similar plansConstruction · Michigan
Cci Systems, Inc. MI$165.5M · 0.01%
Walbridge Aldinger Company MI$158.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841309171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.