Plan Ledger DOL Form 5500 · updated monthly

Century Plastics, LLC401(k)

CENTURY PLASTICS, LLC 401(K) PROFIT SHARING PLAN · SHELBY TOWNSHIP, MI · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Century Plastics, LLC reported $72,391 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $593 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 0.79% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,458th of 2,619), and 8,322nd of 13,661 in manufacturing. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has shrunk from 800 to 690 since 2022.

Plan summary
Net assets, end of year$11,118,827
Participants with balances201
Active participants690
Employer contributions$409,371
Employee contributions$946,953
Employer contribution per active participant$593
Average account balance$55,318
Benefits paid to participants$1,066,260
Plan auditUnmodified (clean) audit opinion
AuditorMCCLAIN, SMITH & WENZ, PC
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 201 accts · $409K emplr
2023$9.7M · 198 accts · $417K emplr
2022$8.6M · 202 accts · $461K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,391
Total administrative$72,391
The Century Plastics, LLC 401(k) match · 2024
Employer contribution per active participant$593
Median for plans this size$2,416
2024$593 per active participant
2023$540 per active participant
2022$577 per active participant

Century Plastics, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
JOHN HANCOCK · Recordkeeping · Investment management$2,724

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$72,391 · 0.70%
2023$71,843 · 0.79%
2022$70,638 · 0.79%
Same employer
Similar plansManufacturing · Michigan
Great Lakes Castings, LLC MI$11.2M · 0.72%
Wonderland Tire, Inc. MI$11.1M · 0.39%
Gudel, Inc. MI$11.1M · 0.01%
Case Systems Inc. MI$10.9M · 0.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383476497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.