Plan Ledger DOL Form 5500 · updated monthly

Bierlein Companies, Inc.401(k)

BIERLEIN 401(K) PROFIT SHARING PLAN · MIDLAND, MI · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

Bierlein Companies, Inc. reported $5,900 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,345 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 0.02% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other construction employers. By assets it is the 421st-largest of 2,619 plans among Michigan employers on file, and the 869th of 5,337 in construction. In 2023, employees put in $3.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$65,175,258
Participants with balances350
Active participants271
Employer contributions$635,567
Employee contributions$2,388,460
Employer contribution per active participant$2,345
Average account balance$186,215
Benefits paid to participants$2,498,868
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.4M · 349 accts · $642K emplr
2023$65.2M · 350 accts · $636K emplr
2022$54.6M · 347 accts · $609K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,900
Total administrative$5,900
The Bierlein Companies, Inc. 401(k) match · 2023
Employer contribution per active participant$2,345
Median for plans this size$3,659
2024$2,451 per active participant
2023$2,345 per active participant
2022$2,371 per active participant

Bierlein Companies, 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 · 20231
NEWPORT GROUP, INC. · Recordkeeping · Consulting$5,900

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$7,688 · 0.01%
2023$5,900 · 0.01%
2022$11,484 · 0.02%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 381940783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.