Plan Ledger DOL Form 5500 · updated monthly

Bordine Nursery LTD401(k)

BORDINE EMPLOYEES PROFIT SHARING AND 401(K) PLAN · ROCHESTER, MI · plan year 2025

Reported admin expense ratio · 2025
0.50%

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

Bordine Nursery LTD reported $41,075 in plan administrative expenses for 2025: 0.50% of average plan assets, below the peer median. Employer contributions averaged $185 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 fell from 0.58% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Michigan (1,604th of 2,619), and 476th of 945 in agriculture, forestry & fishing. In 2025, employees put in $8.08 for every $1.00 the employer contributed; active participation has grown from 91 to 208 since 2022.

Plan summary
Net assets, end of year$9,075,221
Participants with balances226
Active participants208
Employer contributions$38,396
Employee contributions$310,188
Employer contribution per active participant$185
Average account balance$40,156
Benefits paid to participants$130,112
Plan auditUnmodified (clean) audit opinion
AuditorMRPR GROUP, PC
Plan history4
Yearassets · accounts · employer contribution
2025$9.1M · 226 accts · $38K emplr
2024$7.4M · 221 accts · $38K emplr
2023$6.3M · 183 accts · $13K emplr
2022$5.7M · 160 accts · $25K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$24,816
Investment management$15,399
Trustee / custodial$860
Total administrative$41,075
The Bordine Nursery LTD 401(k) match · 2025
Employer contribution per active participant$185
Median for plans this size$1,464
2025$185 per active participant
2024$196 per active participant
2023$80 per active participant
2022$276 per active participant

Bordine Nursery LTD's 2025 employer contribution ran below the $1,464 median for plans its size, in the bottom 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PAYCHEX, INC. · Recordkeeping$19,528
RBC CAPITAL MARKETS · Investment advisory (participants)$15,399
ERISA FIDUCIARY SERVICES, INC. · Contract administrator$5,535

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

Recordkeeper by year3
2025Paychex
2024Paychex
2023Paychex

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Administrative cost history4
2025$41,075 · 0.50%
2024$29,318 · 0.43%
2023$22,322 · 0.37%
2022$39,677 · 0.58%
Similar plansAgriculture, Forestry & Fishing · Michigan
Jm Longyear, LLC MI$12.1M · 0.42%
AG Business Solutions LLC MI$11.5M · 0.48%
Ray Wiegand Nursery, Inc. MI$6.5M · 0.26%
Bloem LLC MI$4.5M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382296741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.