Plan Ledger DOL Form 5500 · updated monthly

Butcher & Butcher Construction Co., Inc.401(k)

BUTCHER & BUTCHER 401(K) PROFIT SHARING PLAN · ROCHESTER HILLS, MI · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Butcher & Butcher Construction Co., Inc. reported $1,889 in plan administrative expenses for 2023: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $987 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 1 year on file its reported administrative ratio fell from 0.37% to 0.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (2,439th of 2,619), and 4,987th of 5,337 in construction. In 2023, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,431,540
Participants with balances97
Active participants111
Employer contributions$109,573
Employee contributions$197,854
Employer contribution per active participant$987
Average account balance$14,758
Benefits paid to participants$70,657
Plan auditUnmodified (clean) audit opinion
AuditorSLONIKER AND ASSOCIATES, PC
Plan history2
Yearassets · accounts · employer contribution
2023$1.4M · 97 accts · $110K emplr
2022$1.0M · 101 accts · $103K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,889
Total administrative$1,889
The Butcher & Butcher Construction Co., Inc. 401(k) match · 2023
Employer contribution per active participant$987
Median for plans this size$1,308
2023$987 per active participant
2022$955 per active participant

Butcher & Butcher Construction Co., Inc.'s 2023 employer contribution ran below 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.

Administrative cost history2
2023$1,889 · 0.15%
2022$3,825 · 0.37%
Similar plansConstruction · Michigan
Roco Management MI$2.7M · 1.67%
Audrik Inc. MI$1.3M · 0.19%
Elite Fence Products Inc MI$1.2M · 1.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383415894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.