Plan Ledger DOL Form 5500 · updated monthly

Block Imaging Parts and Service, LLC401(k)

BLOCK IMAGING PARTS AND SERVICE 401(K) PROFIT SHARING PLAN · HOLT, MI · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Block Imaging Parts and Service, LLC reported $107,281 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,805 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 937th-largest of 2,619 plans among Michigan employers on file, and the 1,296th of 5,215 in retail trade. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,152,601
Participants with balances397
Active participants354
Employer contributions$1,701,112
Employee contributions$2,558,937
Employer contribution per active participant$4,805
Average account balance$58,319
Benefits paid to participants$1,230,180
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,281
Total administrative$107,281
The Block Imaging Parts and Service, LLC 401(k) match · 2024
Employer contribution per active participant$4,805
Median for plans this size$2,416

Block Imaging Parts and Service, LLC'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 · 20246
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$99,244
GREAT LAKES PENSION ASSOCIATES INC · Contract administrator · Other services$8,036
OHIO NATIONAL INSURANCE AGENCY INC · Other servicesindirect comp
O N EQUITY SALES CO · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history1
2024$107,281 · 0.54%
Similar plansRetail Trade · Michigan
Berger Chevrolet, Inc. MI$25.2M · 0.60%
Jack Demmer Ford, Inc. MI$24.1M · 0.08%
Pat Milliken Ford, Inc. MI$21.8M · 0.02%
Tremec Corporation MI$21.6M · 0.53%
Park West Galleries, Inc. MI$21.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300318501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.