Plan Ledger DOL Form 5500 · updated monthly

Carls Golfland, Inc.401(k)

CARL'S GOLFLAND, INC. PROFIT SHARING & 401(K) PLAN · BLOOMFIELD HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Carls Golfland, Inc. reported $51,687 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,496 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 3 years on file its reported administrative ratio has held roughly steady near 0.476%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,426th of 2,619), and the 2,323rd of 5,215 in retail trade. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,667,198
Participants with balances172
Active participants130
Employer contributions$324,462
Employee contributions$499,965
Employer contribution per active participant$2,496
Average account balance$67,833
Benefits paid to participants$1,589,633
Plan auditUnmodified (clean) audit opinion
AuditorPORVIN, BURNSTEIN & GARELIK, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 172 accts · $324K emplr
2023$10.0M · 150 accts · $570K emplr
2022$8.0M · 164 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,687
Total administrative$51,687
The Carls Golfland, Inc. 401(k) match · 2024
Employer contribution per active participant$2,496
Median for plans this size$2,416
2024$2,496 per active participant
2023$4,600 per active participant
2022$2,610 per active participant

Carls Golfland, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
CPI QUALIFIED PLAN CONSULTANTS · Recordkeeping · Pension consulting$13,566
ECONOMIC GROUP PENSION SERVICES, LL · Other services$1,700

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS
2023CPI QUALIFIED PLAN CONSULTANTS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$51,687 · 0.48%
2023$40,248 · 0.45%
2022$41,521 · 0.48%
Similar plansRetail Trade · Michigan
Champion Chevrolet, Inc. MI$12.0M · 0.40%
P Cor, LLC MI$12.0M · 0.53%
Hines Park Lincoln, Inc. MI$12.0M · 0.12%
Raiseright, LLC MI$11.8M · 0.38%
Bob Maxey Lincoln, Inc. MI$11.6M · 0.68%
Borgman Ford Sales, Inc. MI$11.5M · 0.47%
Family Farm and Home, Inc MI$11.4M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381893867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.