Plan Ledger DOL Form 5500 · updated monthly

Blm Group USA Corp401(k)

BLM GROUP USA CORP PROFIT SHARING PLAN · NOVI, MI · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Blm Group USA Corp reported $31,993 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $5,679 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 3 years on file its reported administrative ratio has held roughly steady near 0.171%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 990th-largest of 2,619 plans among Michigan employers on file, and the 5,702nd of 13,661 in manufacturing. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has grown from 140 to 185 since 2022.

Plan summary
Net assets, end of year$21,254,298
Participants with balances212
Active participants185
Employer contributions$1,050,662
Employee contributions$1,732,170
Employer contribution per active participant$5,679
Average account balance$100,256
Benefits paid to participants$788,222
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 212 accts · $1.1M emplr
2023$16.3M · 186 accts · $1.0M emplr
2022$11.8M · 151 accts · $865K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,993
Total administrative$31,993
The Blm Group USA Corp 401(k) match · 2024
Employer contribution per active participant$5,679
Median for plans this size$2,416
2024$5,679 per active participant
2023$6,087 per active participant
2022$6,175 per active participant

Blm Group USA Corp's 2024 employer contribution ran above the $2,416 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
ADP, INC. · Loan processing · Recordkeeping$31,993

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
2023ADP

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

Administrative cost history3
2024$31,993 · 0.17%
2023$26,197 · 0.19%
2022$20,627 · 0.17%
Same employer
Similar plansManufacturing · Michigan
Gt Technologies Inc. MI$22.0M · 0.14%
Humphrey Products Company MI$21.1M · 0.01%
Ewellix USA LLC MI$21.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383613746 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.