Plan Ledger DOL Form 5500 · updated monthly

Chase Plastic Services, Inc.401(k)

CHASE PLASTIC SERVICES, INC. 401K RETIREMENT PLAN · CLARKSTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Chase Plastic Services, Inc. reported $64,434 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,835 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 0.45% to 0.36%. 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 the 1,065th-largest of 2,619 plans among Michigan employers on file, and the 6,091st of 13,661 in manufacturing. In 2024, employees put in $3.50 for every $1.00 the employer contributed; active participation has grown from 121 to 137 since 2022.

Plan summary
Net assets, end of year$19,136,921
Participants with balances163
Active participants137
Employer contributions$388,381
Employee contributions$1,359,627
Employer contribution per active participant$2,835
Average account balance$117,404
Benefits paid to participants$1,207,114
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 163 accts · $388K emplr
2023$16.4M · 156 accts · $357K emplr
2022$15.0M · 138 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,434
Total administrative$64,434
The Chase Plastic Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,835
Median for plans this size$2,416
2024$2,835 per active participant
2023$2,683 per active participant
2022$2,476 per active participant

Chase Plastic Services, 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$962

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$64,434 · 0.36%
2023$62,785 · 0.40%
2022$73,267 · 0.45%
Same employer
Similar plansManufacturing · Michigan
Michigan Turkey Producers MI$19.7M · 0.60%
Intra Corporation MI$19.4M · 0.24%
Corium Innovations, Inc. MI$19.0M · 0.19%
Wall Colmonoy Corporation MI$19.0M · 0.54%
Peterson Farms, Inc. MI$18.9M · 0.44%
Delaco Steel Corporation MI$18.7M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383046871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.