Plan Ledger DOL Form 5500 · updated monthly

Billhighway LLC401(k)

THE BILLHIGHWAY 401(K) PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Billhighway LLC reported $56,746 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $3,731 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 0.17% to 0.61%. 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 (1,504th of 2,619), and 1,482nd of 2,199 in information & media. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,523,156
Participants with balances212
Active participants162
Employer contributions$604,478
Employee contributions$1,594,092
Employer contribution per active participant$3,731
Average account balance$49,638
Benefits paid to participants$1,133,503
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 212 accts · $604K emplr
2023$7.9M · 182 accts · $499K emplr
2022$6.3M · 184 accts · $453K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,847
Investment management$1,899
Total administrative$56,746
The Billhighway LLC 401(k) match · 2024
Employer contribution per active participant$3,731
Median for plans this size$1,313
2024$3,731 per active participant
2023$3,396 per active participant
2022$2,884 per active participant

Billhighway LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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
JOHN HANCOCK · Recordkeeping · Loan processing$55,023

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$56,746 · 0.61%
2023$36,626 · 0.51%
2022$10,324 · 0.17%
Same employer
Similar plansInformation & Media · Michigan
Celebration, LLC MI$11.9M · 0.42%
Arcadia Bluffs, L.L.C. MI$11.3M · 0.41%
Dspace, Inc. MI$11.0M · 0.45%
Renkim Corporation MI$10.8M · 0.00%
Skyspecs, Inc. MI$7.3M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842477462 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.