Plan Ledger DOL Form 5500 · updated monthly

Btm Company LLC401(k)

BTM COMPANY LLC EMPLOYEES' 401(K) PLAN AND TRUST · MARYSVILLE, MI · plan year 2023

Reported admin expense ratio · 2023
0.24%

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

Btm Company LLC reported $23,809 in plan administrative expenses for 2023: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,123 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 rose from 0.24% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,506th of 2,619), and 8,566th of 13,661 in manufacturing. In 2023, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,490,617
Participants with balances146
Active participants127
Employer contributions$269,613
Employee contributions$561,154
Employer contribution per active participant$2,123
Average account balance$71,854
Benefits paid to participants$1,198,140
Plan auditUnmodified (clean) audit opinion
AuditorDOEREN MAYHEW CPAS AND ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 137 accts · $242K emplr
2023$10.5M · 146 accts · $270K emplr
2022$9.3M · 146 accts · $235K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,483
Investment management$2,326
Total administrative$23,809
The Btm Company LLC 401(k) match · 2023
Employer contribution per active participant$2,123
Median for plans this size$1,308
2024$2,020 per active participant
2023$2,123 per active participant
2022$1,810 per active participant

Btm Company LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,483

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$28,265 · 0.27%
2023$23,809 · 0.24%
2022$24,996 · 0.24%
Same employer
Similar plansManufacturing · Michigan
Amptech, Inc MI$10.7M · 0.06%
B&P Littleford, LLC. MI$10.7M · 0.22%
Eden Foods, Inc. MI$10.5M · 0.42%
Crypton, LLC MI$10.5M · 0.59%
Deshler Group, Inc. MI$10.5M · 0.35%
Preferred Plastics, Inc. MI$10.5M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473651348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.