Plan Ledger DOL Form 5500 · updated monthly

Bridgewater Interiors, LLC401(k) + ESOP (KSOP)

BRIDGEWATER INTERIORS, LLC SAVINGS & INVESTMENT (401K) PLAN · PLYMOUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Bridgewater Interiors, LLC reported $143,126 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $2,515 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 0.23% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 342nd-largest of 2,619 plans among Michigan employers on file, and the 2,173rd of 13,661 in manufacturing. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$83,504,799
Participants with balances2,239
Active participants2,168
Employer contributions$5,452,489
Employee contributions$4,426,936
Employer contribution per active participant$2,515
Average account balance$37,296
Benefits paid to participants$12,416,213
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$83.5M · 2,239 accts · $5.5M emplr
2023$78.9M · 2,272 accts · $5.5M emplr
2022$65.8M · 2,214 accts · $5.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$143,126
Total administrative$143,126
The Bridgewater Interiors, LLC 401(k) match · 2024
Employer contribution per active participant$2,515
Median for plans this size$3,635
2024$2,515 per active participant
2023$2,507 per active participant
2022$2,301 per active participant

Bridgewater Interiors, LLC's 2024 employer contribution ran below the $3,635 median for plans its size. 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
FIDELITY INVEST. INST. OPR. CO. · Loan processing$143,126

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

Administrative cost history3
2024$143,126 · 0.18%
2023$137,442 · 0.19%
2022$164,590 · 0.23%
Same employer
Similar plansManufacturing · Michigan
Kostal of America Inc. MI$87.6M · 0.57%
Ai-Cares, LLC MI$87.4M · 0.23%
Auria Solutions USA, Inc. MI$86.5M · 0.15%
US Farathane, LLC MI$86.4M · 0.28%
Saf-Holland, Inc. MI$83.4M · 0.13%
Stiles Machinery, Inc. MI$83.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383406010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.