Bouma Group, Inc.401(k)
BOUMA GROUP, INC. RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Bouma Group, Inc. reported $110,609 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $4,335 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 fell from 0.41% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 751st-largest of 2,619 plans among Michigan employers on file, and the 1,470th of 5,337 in construction. In 2023, employees put in $1.16 for every $1.00 the employer contributed.
Bouma Group, Inc.'s 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 201562907 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.