Plan Ledger DOL Form 5500 · updated monthly

Buckland Global Trade Services401(k)

BUCKLAND RETIREMENT SAVINGS PLAN · PORT HURON, MI · plan year 2022

Reported admin expense ratio · 2022
0.21%

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

Buckland Global Trade Services reported $2,050 in plan administrative expenses for 2022: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $369 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 0.46% to 0.21%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Michigan (2,484th of 2,619), and 4,724th of 4,798 in finance & insurance. In 2022, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$989,860
Participants with balances90
Active participants309
Employer contributions$114,170
Employee contributions$198,651
Employer contribution per active participant$369
Average account balance$10,998
Benefits paid to participants$59,348
Plan auditUnmodified (clean) audit opinion
AuditorANDERS MINKLER HBER & HELM LLC
Plan history2
Yearassets · accounts · employer contribution
2022$990K · 90 accts · $114K emplr
2020$721K · 80 accts · $22K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$2,050
Total administrative$2,050
The Buckland Global Trade Services 401(k) match · 2022
Employer contribution per active participant$369
Median for plans this size$331
2022$369 per active participant
2020$102 per active participant

Buckland Global Trade Services's 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2022$2,050 · 0.21%
2020$2,940 · 0.46%
Same employer
Similar plansFinance & Insurance · Michigan
Lighthouse Title, Inc. MI$4.6M · 0.66%
Retail Capital LLC MI$3.2M · 0.81%
MORTGAGE300 Corporation MI$2.1M · 0.49%
E Mortgage Funding, LLC MI$1.9M · 0.10%
Wickfield Properties, LLC MI$822K · 1.21%
Loancraft, LLC MI$538K · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061612635 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.