Plan Ledger DOL Form 5500 · updated monthly

Binsons Hospital Supplies, Inc.401(k)

BINSON'S HOSPITAL SUPPLIES, INC. 401(K) PLAN · CENTER LINE, MI · plan year 2024

Reported admin expense ratio · 2024
0.49%

Binsons Hospital Supplies, Inc. reported $46,507 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. 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 0.27% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,527th of 2,619), and the 2,577th of 5,215 in retail trade.

Plan summary
Net assets, end of year$10,322,897
Participants with balances373
Active participants705
Employer contributions—
Employee contributions$960,844
Employer contribution per active participant—
Average account balance$27,675
Benefits paid to participants$671,081
Plan auditUnmodified (clean) audit opinion
AuditorPOLK AND ASSOCIATES P.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 373 accts
2023$8.8M · 364 accts
2022$7.2M · 366 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,314
Investment management$23,193
Total administrative$46,507
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 · 20243
ADP, INC. · Recordkeeping$23,314
AMERITAS INVESTMENT CORP · Recordkeeping · Trustee$23,193
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, Ameritas
2023ADP

This plan has changed recordkeepers within these filings. If you left Binsons Hospital Supplies, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$46,507 · 0.49%
2023$25,791 · 0.32%
2022$24,870 · 0.27%
Same employer
Similar plansRetail Trade · Michigan
U. S. Auto Group Limited MI$10.5M · 0.18%
Tapper's Fine Jewelry, Inc. MI$10.4M · 0.62%
Bowman Auto Group, Inc. MI$10.4M · 0.49%
Betten Friendly Motors MI$9.8M · 0.70%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382236525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.